Sana, you might like to look at AWE when they announced first oil at Tui (~18,000 bopd for AWE's 42.5%), sp around $3.05. They had been trading at $3.67 exactly one month earlier. Production steadily ramped up from there (AWE's share to ~22,000 bopd) and AWE went back up for next month or so to around $3.60 again, before steadily falling for another couple of months.
All of which just goes to show strat's answer is pretty accurate; it's impossible to predict these things because of different mkt caps and a vast number of other variables, especially around mkt sentiment and other 'unmeasureables'.
I this case OEL & NDO will join the ranks of producers for the first time. AWE (much larger cap) was already one.
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.33M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.3¢ | $1.537K | 122.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 14801035 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 12630879 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4801035 | 0.012 |
6 | 5258930 | 0.011 |
17 | 21116232 | 0.010 |
5 | 8460000 | 0.009 |
4 | 470247 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 12630879 | 20 |
0.014 | 4915902 | 10 |
0.015 | 5327000 | 10 |
0.016 | 97225 | 1 |
0.017 | 72000 | 1 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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OEL (ASX) Chart |