kangaroo 1 discovery at 3049mRT, kangaroo 2 spud at 5th Nov, 12-Nov 1 week of drilling get them 1074mRT. Today trading halt is 7 days from last, even if the drilling progresses at the same rate as the last update it is still short of top of cap.
Could it be they found oil in some other formation? Just speculation, but at this point a trading halt on drilling result is pretty good where I am sitting.
Ann: Trading Halt, page-16
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Last
$1.83 |
Change
-0.013(0.68%) |
Mkt cap ! $1.486B | |||
| Open | High | Low | Value | Volume |
| $1.84 | $1.86 | $1.82 | $1.442M | 783.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 21511 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 35699 | 29 |
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| Last trade - 12.52pm 29/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |