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0.9¢ australis oil & gas limited

Something brewing...finally, page-18

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unlucky_bacs

6,358 Posts.

111

29/11/22

00:36

Post #: 65037697
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Originally posted by Minim Cove: ↑

Hi Max, I agree with your comment about the managements failure, however disagree strongly about the one half failed drill hole. I scored the drilling program 3.5 out of 6. If they repeated that process and outcome time and time again the company would still go broke even at $100 a barrel. Their drilling performance was far poorer when looking at most parameters when comparing Encanna's 2013/15 drilling performances despite having so much more data and technological advances at their access.
The oil production they achieved after spending $80 million dollars has been poor. IMO despite managements positive spin the facts are they have effectively proven that the concept to date does not economically work. This is why it is difficult for them to secure support to have another crack at proving the concept.

Let's get serious about analysing this stock guys.

Are people interesting in any more facts or perhaps in support of the companies price it best not spoken about!

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im interested in seeing what will happen
how long do we have left?
no partnerships

ATS Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 0.9¢		Change 0.001(12.5%)		Mkt cap ! $11.60M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$10.87K	1.208M

Buyers (Bids)

No.	Vol.	Price($)
6	1512874	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	806977	8

View Market Depth

No.	Vol.	Price($)
4	1451374	0.009
11	3899627	0.008
8	3568123	0.007
3	5250000	0.006
6	3850000	0.005

Price($)	Vol.	No.
0.010	788110	7
0.011	850713	4
0.012	486740	1
0.013	380271	5
0.014	807710	2

Last trade - 16.10pm 18/10/2024 (20 minute delay)

ATS (ASX) Chart