Well they are drilling 4 - 5 wells this year any one of these wells could be a company maker on its own give the size of the structures they are drilling ... If the 1st well is a dud we may drop to 3.5c however it its a success and structure is filled to spill we will be talking of many multiples of current share price (think Hardman Resources type rise)... a Great risk reward scenario IMHO...
Generally Probability of a successful wildcat well is 20-25% ... So is is highly likely that 1 of the 4 or 5 wells will come in.
As Ive said before the risk with this stock is not having a position when results are announced. Personally I would not bet the house on this 1st well coming in but I would want a significant position to take advantage of the large gap up on a successful well.
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Last
49.5¢ |
Change
-0.003(0.50%) |
Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
50.0¢ | 50.3¢ | 49.5¢ | $74.71K | 149.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 37432 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 202895 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 191996 | 0.490 |
2 | 104597 | 0.485 |
2 | 110000 | 0.480 |
1 | 100000 | 0.475 |
1 | 100000 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 202895 | 4 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
0.525 | 100000 | 1 |
0.530 | 20000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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