I’m not expecting to find oil at z. Purely because the odds say we won’t. But I am expecting our ceo has alter production pathways ready to go, one if we hit at Zapato and one if we don’t. He can’t obviously announce it now as clearly what they do will depend on what they find at Zapato, but I would expect they will have a clear view on what the forward plan is (timing, funding etc) is the dont land Zapato.
so, in my view the best buying is now. If we hit we have two oil finds and they will announce a path forward - The price will surge forward unencumbered. If they miss, we have one great find and they will announce the path forward, which should hopefully offset the Zapato miss with the clarity the market seeks on alameda. We might dip temporarily but likely move forward quite quickly From these levels.
I’m starting to feel its a free hit at these prices.. providing we don’t have something out of left field hit us (like directors all selling more shares, unexpected cap raise etc).
- Forums
- ASX - By Stock
- MAY
- Ann: Zapato-1ST Drilling Update and Option Expiry
Ann: Zapato-1ST Drilling Update and Option Expiry, page-138
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAY (ASX) to my watchlist
|
|||||
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.14M |
Open | High | Low | Value | Volume |
2.2¢ | 2.3¢ | 2.2¢ | $23.54K | 1.063M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1839170 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 237903 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 1789170 | 0.022 |
16 | 3019442 | 0.021 |
17 | 3721251 | 0.020 |
5 | 929920 | 0.019 |
1 | 318750 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 237903 | 3 |
0.024 | 1029849 | 8 |
0.025 | 912673 | 7 |
0.026 | 2155955 | 3 |
0.027 | 1000000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online