@Robservation01 Once EXR fully dewater their pilot production wells which might require 1 or two additional pilot wells, one could speculate the following based on reported 14.5 Tscf recoverable resources in the Nomgon license area:
Assume all pilot wells are dewatered in the next 12-18 months and a minimum of 30% of the 14.5 Tscf is classified as reserves. That should be sufficient to cover the cost of a pipeline, therefore not likely to be stranded reserves. (based on a low gas sales price and 50% risk factor).
Following successful pilot well dewatering, in my opinion, expected price range once commerciality is declared could be 30c - 50c per share.
Possible sale valuation for Nomgon (in my opinion) might be $A 1 - $A 1.50 per share.
DYOR
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Last
6.1¢ |
Change
-0.001(1.61%) |
Mkt cap ! $86.49M |
Open | High | Low | Value | Volume |
6.2¢ | 6.2¢ | 6.0¢ | $341.6K | 5.633M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 511052 | 6.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.2¢ | 1600 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 79000 | 0.068 |
2 | 511052 | 0.061 |
6 | 402713 | 0.060 |
4 | 868474 | 0.059 |
4 | 240601 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.062 | 1600 | 1 |
0.063 | 18710 | 2 |
0.064 | 922727 | 5 |
0.065 | 772129 | 6 |
0.066 | 965000 | 3 |
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