The half yearly provides even more detail on its PNG prospects.
The variation in licence terms application is to be resolved this month and the HOA by 15th September. The farmee also wants to be in on PPL 267. NGE would be wanting superior terms on this one given the $3 million in seismic surveys already completed confirming a massive petroleum system. It would have taken weeks for the major farmee to get the oil stains off their boots when they had a look at this one.
PPL 267 is confirmed as oil and not simply gas.
The beauty of this stock is that when they drill its not to see if they have oil but how big the petrolem system is in each of the permits. At the moment the stock is priced on the basis they might find oil.
I agree with Pacino that this is a multi multi bagger and that is just over the next week.
Could be a big fight over this one by a number of majors.
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Last
$1.26 |
Change
0.000(0.00%) |
Mkt cap ! $43.22M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14099 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 2575 | 1 |
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| Last trade - 16.21pm 17/09/2025 (20 minute delay) ? |
| NGE (ASX) Chart |
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