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ARQ 0.0¢

up 26% today

  1. were

    2,086 posts.

    Held on to the rise through the day - more to come no doubt as they drill on and test the field. My first 'off the bat' info is that apparently Eremia should be at least Hovea's size and maybe bigger. Could be flowing via an expanded Hovea Production Facility in six months if all goes to plan. ARQ could be producing 5000 BPOD in their own right?. Even at a $US25 Oil Price this will gross something like $75m pa. I think ARQ are going to be a target in the near term whether they like it or not.

    Interesting a 500,000 order was floating around during the afternoon. It was at 58c for a while and then shot up to 65c late in the day no doubt hoping to 'snag' traders/profit takers. It has since fallen off the board entirely. At one point there were 750,000 odd at 65c on the buy side.

    Happy Days!

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