The rabbit will be achieving NT for Derby .
If that happens Oil Basins is one of the highest potential explorers out there .
It's hard to think of a package of land with so many play types .
The coal is 20m thick and at the right depth . If the gas quality is reasonable then the economics should be superb and this could surely be the company maker Oil Basins require .
With the CSG that would generate they would be able to explore the shale without a J.V. or with a much better J.V.
Oil Basins have proved that they can drill holes very economically with a small mobile drill unit . Don't know whether such a unit would handle the depths the shale is at but shale exploration is beyond their pocket at the moment .
Their postcode is less remote than some .
If they get NT on Derby they might even sell one of the other projects to fund it .
They've seen how NSE J.V. has been too one sided so surely would not make the same mistake .
If the CSG is good quality or Backreef oil comes off there will be no stopping this thing .
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Change
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Mkt cap ! $3.834M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 1203771 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.0¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1203771 | 0.009 |
5 | 2124995 | 0.008 |
4 | 1628560 | 0.007 |
1 | 250000 | 0.006 |
2 | 700000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 100000 | 1 |
0.011 | 880000 | 2 |
0.012 | 987974 | 4 |
0.013 | 1100000 | 3 |
0.014 | 2542063 | 4 |
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