Congratulations all. Really, really good result that the market just hasn't digested yet.
- Flowing from all zones, which should result in reserves for the bottom zone (currently not ascribed resources)
- Validates frac process
- Expected to flow at over 5MMscfd, which would give net cashflow of circa $3m pa at $6/GJ
- Likely allows for a development plan for multiple Vali wells
- Derisks analogous prospects
- Will provide maiden casflow
Looking forward to an oversubscribed cap raise and hopefully an accelerated forward program.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $7.983K | 3.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 9832429 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 11398095 | 12 |
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| Last trade - 11.48am 26/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |