Thought it might be fun to have a play around with some stats, please take the following with a grain of salt!
In PVD's two well Mazagan farmout, assume a probability of a commercial oil find at Toubkal of 25%. Assume a probability of a commercial oil find at the follow up target of 20%.
Hence, probability that both wells are dusters is 0.75 x 0.8 = 0.6
Therefore, probability that any one well is successful is 1 - 0.6 = 0.4
Let's assume a successful strike at either well increases share price roughly x 10 in the short term, but dusters at both wells results in a drop of 80% in share price.
Hence, a $10k investment in PVD right now yields a 40% chance of turning that into $100k, versus a 60% chance of losing the majority to a value of $2k.
All of this ignores the fact that **on is looking quite promising based on nearby drilling this year and in the event of no success at Mazagan there is a good chance of share price recovery once the time finally comes to drill in **on.
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hartshead resources nl
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Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $19.66M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $26.46K | 3.780M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 4246166 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 5369232 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 4246166 | 0.006 |
32 | 15851140 | 0.005 |
11 | 7330000 | 0.004 |
5 | 5465666 | 0.003 |
4 | 6385000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 5369232 | 9 |
0.009 | 850806 | 3 |
0.010 | 743710 | 4 |
0.015 | 307929 | 2 |
0.026 | 247511 | 1 |
Last trade - 15.22pm 25/04/2025 (20 minute delay) ? |
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