This getting bought up because it’s the market cap is pathetic compared to peers, extremely undervalued and the upside right now on appraisal is 50 cents a 1.5 billion dollar market cap. Discovery oil is complete. The only reason it was ever down in this area was because of the delay in appraisal due to structural damage to the well. Just like so many stocks that get hit 30-40 percent with delays for just a month or two and then back up to where they started off a month later however with MAY this was 12 months delayed.
Forward now 12 months and we are at the same position except this time the well design has been made to appraise a larger section and over 3 zones. 388 million barrels to appraise making it the biggest appraisal in the last decade. This is returning to all time highs and will test 20 cents which I got a hunch it will crack and with an upside of north of 50 cents on appraisal as it begins to also go into production at the same time as appraisal
All trucks, tanks and infrastructure have been setup by the team last month in November to begin production
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Last
2.7¢ |
Change
-0.001(3.57%) |
Mkt cap ! $90.99M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.7¢ | $87.74K | 3.087M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 848777 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 284679 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 848777 | 0.027 |
3 | 98379 | 0.026 |
8 | 3469000 | 0.025 |
7 | 2024166 | 0.024 |
8 | 1123578 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 50000 | 1 |
0.030 | 1005727 | 5 |
0.031 | 2970310 | 2 |
0.032 | 1503548 | 6 |
0.033 | 1466600 | 4 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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