Heres a question for anyone who cant comprehend why a stock standard op update that said exactly what was expected.....with no issues.....didnt magically make a 2 into a 3 next to BRK on your screen.
What makes you think the current 60M market cap isnt fair value WITH a successful well? And if that is not the case, justify the current MC if the well is a failure.
My point is if the success isnt already partly or fully priced in....then the value of the company shouldnt be negatively effected if this well produces zero revenue right?? And that is definitely not realistic.
For perspective,
Bass oil (BAS) produce onshore oil in Indonesia at around 500 bopd. They have a market cap of 8m
Ann: Jewell Well Operations Report, page-91
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.50M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $691.0K | 62.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 64 | 34244392 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 19538274 | 10 |
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| BRK (ASX) Chart |