Mate how can you say an announcement to whether or not Zapato has oil is worthless. Sure I agree with you that production plans are extremely important. But if you think a positive conclusion on an already DOUBLE DELAYED drilling plan isn't going to improve the share price, then I don't know what to say to you. Zapato being a waste of time is going to damage the SP, if it hasn't been a waste of time the price will go up.
Plans to get oil out of the ground @ Amistad is important, yes. But the company is also spending MILLIONS on Zapato-1ST and the result is absolutely relevant to the market. Sure most of the progress reports have been more or less detrimental to the SP. But guess what, we've stopped 50m above the updated entrance point. The company is getting extremely close to the anticipated pay zone - so I think its absolutely relevant to hope for an announcement at this stage of the drilling.
Ann: Zapato-1st Drilling Update and Option Expiry Reminder, page-230
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Last
3.2¢ |
Change
-0.001(3.03%) |
Mkt cap ! $107.8M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.4¢ | 3.2¢ | $89.04K | 2.754M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1031198 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 517183 | 5 |
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| Last trade - 12.58pm 09/10/2024 (20 minute delay) ? |
| MAY (ASX) Chart |