Ann out this morning - Rayburn has spudded. Weekly reports will be interesting. A sniff of gas and we're back up to 30c imho.
Interesting to see that they're about to do some 3D seismic in Colorado. Fall River Resources is currently drilling a well about 2 miles to the West of STX's acreage here. Will give a good indication of the prospectivity.
And if anyone's keen on diversifying - Fall River (FRV) only have a market cap of around $5mil and have a 15% stake in the well being drilled at the moment, which has mean recoverable reserves of 9mmbbls of oil and 150 BCF of gas/condensates. Even at an in-ground value of $5/bbl oil and $1/mcf gas would justify a market cap of $30m for FRV (or 50cps). They're currently 8c.
Cheers,
Butcherano.
rayburn spuds and 3d seismic in colorado
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $558.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 452905 | 4 |
View Market Depth
| Last trade - 16.20pm 02/09/2024 (20 minute delay) ? |
| STX (ASX) Chart |
Day chart unavailable