It's the number of wells that are being drilled without any oil flowing to surface so far, yet posters here are still wanting blue sky market valuations of 400million for 30% of the project with still no commerciality proof yet.
I don't see how the market is actually wrong now at 7c based on the facts and proofs and known facts currently being presented to it by AP.
Of course the share price will go higher if they do prove flow on the A3 well.
Ann: Block 9 Alameda 2 Appraisal Update, page-515
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Last
2.3¢ |
Change
-0.003(11.5%) |
Mkt cap ! $77.51M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.6¢ | 2.3¢ | $124.0K | 5.095M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2808380 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 339712 | 5 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |