All this talk of a $1 SP if Shell takes up its 70% option is absurd wishful thinking in my opinion. A 1 Bbbl find would probably rate FAR near $1 ($3/bbl *200m bbl share / 600 odd million shares) however there is still the pre-drilling risk to take into account guys! There is no way that CSEM is capable of giving near 100% accuracy. The most prospective 3D seismic hydrocarbon drills have chance of success (CoS) around 30% - for CSEM to increase this beyond CoS 50% 12 months or so pre spudding is quite unrealistic in my view. However I do think a SP of around 40c after Shell farmin news is possible.
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49.5¢ |
Change
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Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
49.5¢ | 50.0¢ | 49.5¢ | $25.15K | 50.41K |
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No. | Vol. | Price($) |
---|---|---|
1 | 90217 | 49.5¢ |
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Price($) | Vol. | No. |
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50.0¢ | 10000 | 1 |
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No. | Vol. | Price($) |
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1 | 90217 | 0.495 |
1 | 99999 | 0.490 |
3 | 114597 | 0.485 |
4 | 260000 | 0.480 |
1 | 100000 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 10000 | 1 |
0.510 | 12672 | 1 |
0.515 | 120000 | 2 |
0.520 | 149917 | 3 |
0.525 | 118000 | 2 |
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