Resourcefull, a development well is meant to succeed. It is a very soft target.
Eremia7's success should result in an upgrade of the Eremia field, but probably nothing major.
The market wants ARQ to make a discovery in the Perth Basin that will result in a significant upgrade in its reserves before rerating ARQ.
ARQ has not been attempting this. So the price has continued to languish.
I have some thoughts on this, probably way off the mark, and I'm certainly not going to put them in writing in a public place.
.. jingemia11, page-3
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.26M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.8¢ | 14.5¢ | $1.769K | 12.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 414092 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 1970022 | 39 |
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| Last trade - 10.17am 21/10/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |