Those who had 20 to 30-baggers would know that such multiples are possible.
The positives are:
1) that region is a known active petroleum system.
2) there are historical seismic surveys which provided the leads.
3) historical drilling detected oil shows.
4) With modern technology the sealed /trapped oil reservoirs should be easier to find.
Until oil is found, it is a speculation. Is this a lottery? No. Lottery is a win or a loss. With this stock, the SP is expected to hike before drilling and one can take profits without exposure to a duster.
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $6.473M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $27.41K | 2.946M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 4796235 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 614101 | 1 |
View Market Depth
| Last trade - 10.04am 19/09/2025 (20 minute delay) ? |
| ZMM (ASX) Chart |