lets not forget about Utopia, and BUY's share of oil in the ground is over $150,000,000 at present, it should be generating about $1,000,000 pa with the high oil prices and there is scope to increase oil production with more development wells, the present management knows a great deal about this type of oil field and its geology as they where involved in the development of the nearby Tintibarru oil field with Drillsearch, the jv partner is currently draging the chain on the development of Utopia, I wouldn't be surprised if BUY made an offer to buy out the parnter and so enable it to fast track its development to its full potential, which also provide a big cashflow as they would own 100%
lets not forget about Utopia, and BUY's share of oil in the...
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Mkt cap ! $5.994M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $20.35K | 5.087M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1263134 | 0.4¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5086233 | 9 |
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