Interesting little oiler.
Pretty much cash backed and Cash Flow Positive.
So $2M in the bank and EV of maybe $200k?
Looks like management have decided that an oil price stabalising above $50 a barrel is a good enough catalyst to get things moving a little.
Two low risk drills now scheduled for the next few months and one scheduled for re-completion.
Reckon she is gonna wake from her slumber real soon...
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Interesting little oiler. Pretty much cash backed and Cash Flow...
Add GGE (ASX) to my watchlist
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.57M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $1.494K | 257.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 260000 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 2272947 | 7 |
View Market Depth
| Last trade - 13.20pm 24/05/2024 (20 minute delay) ? |
| GGE (ASX) Chart |