Thoughts on yesterday's announcement... The application for renewal is still in. The new announcement is asking for an extension on the previous contractual agreements which were not met. This has been put down to Covid, so if it is approved BPH will not have to go through NOPSEMA again as it is an extension (not a suspension and renewal). I read that as NOPTA is still in decision phase as per Keith Pitt doorstep interview (suggest you read it if you have not, I think it is positive for holders). The new application will mean BPH will not be delayed by any further decision making process to get drilling under way. Have I interpreted yesterday's announcement wrong or is the market nuts for selling on news which ultimately means we don't have to wait on a NOPSEMA approval to drill?
Advent takes out insurance with new NOPTA application, page-163
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1.2¢ |
Change
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Mkt cap ! $14.60M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $34.39K | 2.860M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 785505 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 989612 | 1 |
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| BPH (ASX) Chart |