COI having the largest equity stake in the Mahalo Block plus taking the lead on drilling with a view to achieving an increase in flow rates - thereafter looking to a multiple increase of 2P reserves from where we sit today of 30 PJ to three figures – providing all goes to plan we should see our core asset base rise in value which in turn should be reflected in the Market Cap/Share Price.
Two possibilities moving forward providing we don’t struggle to raise on-going funding - either we continue down the path of booking reserves and pressing ahead towards the ultimate goal of hooking up to existing infrastructure having moved from 2P to 1P to feed a hungry gas market or we get taken out well before then.
My best bet – we will get taken out early. Exactly when and for how much depends on a number of factors including us being able to demonstrate that we have the means of going it alone should we so wish. Beggars can't be choosers - but those with options can bide their time.
Early days at the moment with lots of obstacles in front of us - but we are pressing ahead at a time when others are treading carefully – so watch this space.
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $221.5M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 20.0¢ | $43.46K | 217.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 335596 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.195 |
7 | 586228 | 0.190 |
3 | 552000 | 0.185 |
3 | 520000 | 0.180 |
1 | 250000 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 335596 | 3 |
0.205 | 399134 | 7 |
0.210 | 435135 | 8 |
0.215 | 1370543 | 8 |
0.220 | 394164 | 6 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
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COI (ASX) Chart |