"All well and good to have cashflow from Galoc production, but it is not a self regenerating commodity in that oilwell.
We need to discover more reserves to build the value of the co., and this I believe is what the mkt wants to know...WHEN? "
Agree
For SC55, if they get DOE approval, I'm thinking around 3 to 6 months to finalise a farmout, then 6 to 12 months lead time on a deepwater rig.
Mid 2015 spud is my guess, if it happens at all.
In practice, the Oct 2014 deadline would be satisfied if they book a rig by then, imo.
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Last
0.4¢ |
Change
-0.001(11.1%) |
Mkt cap ! $21.57M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $500 | 125K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 52449647 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 53632521 | 38 |
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| Last trade - 09.59am 18/07/2025 (20 minute delay) ? |
| OEL (ASX) Chart |