Does anyone know how much oil is in that hole that's currently flowing? I bought into this on that discovery and yet, while they have found oil, (the point of the hole exercise), the price has just dropped. Why is that? They either have a lot of oil, or someone knows there ain't much and everyone in management is in a mad scramble to extract as much money as they can. Sure, they are going to dig another hole but so what? No guarantee of anything. After watching these 'junior oilers' for the last two years, it seems to follow the same pattern. Maybe this sector is an elaborate scam. I mean, how long will this hoe be producing for?
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.88M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| ETR (ASX) Chart |
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