It does look much better. I have always liked the fact that they have a proven quantity of oil at Gwydion, the previous 1995 BHP discovery. Idris is the main event with in excess 100mmbls potentially, but circa 5mmbls at Gwydion is handy at $80 pb. Even a net return of $20 pb is $100 mil from Gwydion alone. Considering the market cap is one tenth of this the upside is enormous.
From the annual report:
“As it relates to other initiatives, and as mentioned above, the company could apply for a production license or a retention lease over the pre-existing Gwydion oil discovery in WA-424-P as a fall back strategy should a proposed drilling of Idris not occur or prove unsuccessful”.
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0.6¢ |
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Mkt cap ! $4.238M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $16.5K | 2.75M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 601723 | 0.6¢ |
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Price($) | Vol. | No. |
---|---|---|
0.7¢ | 8415666 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 601723 | 0.006 |
9 | 8808753 | 0.005 |
5 | 2340249 | 0.004 |
4 | 2933333 | 0.003 |
3 | 3900000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 8415666 | 12 |
0.008 | 180125 | 2 |
0.009 | 500000 | 1 |
0.010 | 571429 | 1 |
0.011 | 1257140 | 2 |
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