Jeruk could be a "company maker" but it is taking longer and costing more than originally expected to prove up reserves. They have some other good areas and should be ok medium/long term. The Todd family's underwriting of this and other rights issues probably shows they think it is cheap (and taking up the rights is a convenient way of increasing their shareholding outside of the usual ASX creep provisions).
I have played in the stock a few times, but don't like being involved in anything Santos related given their move to quarterly updates rather than weekly drilling reports. A well like this may not mean much to STO but has huge ramifications for a company like CUE. I think the shift in STO reporting of drilling shows a degree of arrogance to the market.
Good luck in CUE, if they can prove up the Jeruk reserves (and if STO bothers reporting it) there could be significant upside.
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $73.32M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 10.0¢ | $762 | 7.618K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 232237 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 155266 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 232237 | 0.100 |
3 | 72576 | 0.098 |
1 | 103000 | 0.097 |
1 | 18000 | 0.096 |
3 | 162551 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 155266 | 4 |
0.110 | 590515 | 15 |
0.120 | 120500 | 2 |
0.125 | 350200 | 2 |
0.190 | 20000 | 1 |
Last trade - 15.39pm 28/06/2024 (20 minute delay) ? |
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