On the face of it , it doesn't look like a very good deal , even if oil rises to $70 fairly soon .
Anyone know whether old wells were shut in due to water cut ? If so decades ago , the oil/water contact may have re-established enabling them to be recompleted and produced with a lower water cut .
A candidate for a waterflood or CO2 EOR project ?
Struggling to see the upside but don't want to sell at 1.0c before the results of due diligence .
Don't see how they can raise A$17m and a sale of their existing assets surely wouldn't raise much .
Maybe they raise enough money to front all of the money for operations and the A$17m gets gradually taken out of the revenue .
Hopefully they are not going to resort to convertible death spiral financing .
- Forums
- ASX - By Stock
- XST
- Ann: LA Basin Oil Field Acquisition
Ann: LA Basin Oil Field Acquisition, page-40
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XST (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.893M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
XST (ASX) Chart |
Day chart unavailable