BHP appear to be selling down projects and reigning in costs where they can. they have a committment to drill but it wouldn't be hard for a major to cite safety or impossible rig market conditions to be granted a further delay. there is precedent. i think they have a mandate to delay expenditure across the board right now. i wonder how the market would react to them selling part of their 60% interest or delaying the drilling again?
i mean there is a lot of positive newsflow for OEL this year but can galoc/galoc north/duhat hold up the price if the cinco project fails again?
Ann: Investor Presentation , page-3
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $21.77K | 1.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 15524781 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1970038 | 4 |
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| Last trade - 11.47am 31/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |