Thats the only reason I am interested in it as the volatility in Crude makes a good risk to trade in the short term opposed too risky oil futures.
The directors are bailing for a reason and it's not just one of them so it makes sense they are having problems with Angola and the last quarter was poor due to production problems in China.
Two wrongs dont make a stock price right in this climate so even with a healthy crude price their overheads and current projects make them a medium risk stock.
At 2.20-2.40 make them good value and I will be watching closely for someone to panic and dump their stock. Longer term is good providing they can keep production over the 10k BBLPD.
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Last
8.7¢ |
Change
-0.001(1.14%) |
Mkt cap ! $14.90M | |||
| Open | High | Low | Value | Volume |
| 8.8¢ | 8.9¢ | 8.7¢ | $22.89K | 260.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 8.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.0¢ | 130000 | 2 |
View Market Depth
| Last trade - 14.28pm 22/07/2025 (20 minute delay) ? |
| ROC (ASX) Chart |