Duhat was a waste of time, although it did not cost them a lot of expenditure.
If it was that prospective, the majors would have drilled it ages ago. Walking away was the right move.
Keep the cash coming in from Galoc and kill the debt and build up the kitty as quickly as possibly. The more cash you have on board before Hawkeye is drilled, the more equity current shareholders can retain without too much dilution for development costs.
OEL has really tested everyone's patience, but the thing I like about it at present is that they have not issued any new shares for years now. Stable share numbers is key.
Other companies have had the printing press running around the clock handing out shares to pay the directors salaries. Those companies have consistently underperformed over time.
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imo this is the real deal , page-14
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.33M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $11.48K | 914.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 14875552 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 12440675 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 14875552 | 0.012 |
7 | 3626657 | 0.011 |
19 | 22362332 | 0.010 |
4 | 7600000 | 0.009 |
4 | 470247 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 11440675 | 18 |
0.014 | 4215902 | 9 |
0.015 | 4835333 | 8 |
0.016 | 97225 | 1 |
0.017 | 72000 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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OEL (ASX) Chart |