Couldn't agree more - Chariot's MC is only AUD$67 million & they still hold 65% of PEL71. Apparently looking for partners but surprised they haven't farmed-out earlier (to Exxon for example?)
However with drilling & back costs etc.. required to farm-in, PCL don't seem to be in a position to do so right now.
A 10% of PEL37 for 10% PEL71 straight swap for a bet each way? - just a thought!
.
7.5c valuation on first well. - 7 bagger, page-27
Add PCL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $186.7M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.3¢ | $21.24K | 921.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 9054116 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 10679427 | 10 |
View Market Depth
| Last trade - 12.20pm 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
2.4¢ |
Change
0.000 ( 2.17 %) |
||||
| Open | High | Low | Volume | ||
| 2.3¢ | 2.4¢ | 2.3¢ | 3306779 | ||
| Last updated 12.19pm 07/06/2024 ? | |||||
| PCL (ASX) Chart |