Nathanblack
With only 115m shares on issue and an MC of $57.5M and 35 million barrels which could be 70m when the other permits are drilled ...we are currently valued at less than $2 a barrel...most producing oil companies (export prices ofcourse) are valued at $15-40 a barrel... I don't think our drills are expensive compared to shale oil (eg horizontal wells can cost $12m and only give you 300 barrels if your lucky with massive declines)
WE have CONVENTIONAL OIL here and can double our reserves soon ...we now have 1700 barrels a day capacity that is excellent and we will get export lic. (soner than u think) as we have the ex minister on the board to speed things up.
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Last
2.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.14M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250000 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 200000 | 1 |
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| Last trade - 16.21pm 22/07/2025 (20 minute delay) ? |
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