Tgn, If UKOG's current Weald "basin-wide oil accumulation" concept continues to be proved up then AJL will be a direct beneficiary just by holding the acreage it currently has.
And with UKOG's mkt cap at~ GBP208 (& rising) vs AJL GBP90 I would say that once drilling starts Bowland, & flow testing is commenced at Weald PEDL 244, then the potential upside in AJL sp is "significant" .
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Weald Basin, page-40
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $12.38M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $12.33K | 1.429M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2645110 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 272056 | 2 |
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| Last trade - 15.26pm 11/09/2024 (20 minute delay) ? |
| AJL (ASX) Chart |