"We have an MC of $37m and cash of $47m. Even blind Freddy can see the safety in this."
Market will be looking ahead to cash balance end of this quarter.
Going by OEL's estimates for Mar Qtr expenditure, we should end the qtr with USD26.2m.
That equates to AUD 37m / 3.1cps @ FX0.71
Ann: Drilling Commences at SM-6 well in Gulf of Mexico, page-12
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $27.33K | 2.278M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 10310048 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 14475514 | 20 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| OEL (ASX) Chart |