The problem for OEL wrt the price of gas is the timing of any upflick in the price may not suit OEL's timing for a sale .
Almost certain that no more drilling will be done at Lightning while prices stay low .
Even at much higher gas prices developing non conventional reservoirs at that depth presents serious technical problems and costs .
Neither the operator or OEL in its risk adverse mode may want to take those risks .
Ann: OTTO PROVIDES UPDATE ON TIMETABLE FOR RETURN OF CAPITAL, page-28
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $2.826K | 235.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7028514 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 11470531 | 17 |
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| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| OEL (ASX) Chart |