It's not complicated guys. Strategy is well set out in the latest Investor Presentation.
It is all about RESERVES. This is how these Companies get valued and ultimately re-rated. Wells need to be drilled to prove up the reserves. Cash flow comes as a result of the drilling and is typically re-invested in more drilling to prove up more reserves.
Ann: Strong initial flow rate from maiden STACK Play well, page-14
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Last
1.2¢ |
Change
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Mkt cap ! $57.17M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $2.328K | 190.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 13005014 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 13758285 | 19 |
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| Last trade - 15.58pm 26/06/2024 (20 minute delay) ? |
| BRK (ASX) Chart |