Recently in. Reviewed plenty of oil & gas plays and this stock genuinely excites me. It’s a sleeper but penny will start to drop that a $10mil market cap company could be sitting on the next Dorado.
Updated subsurface interpretation and geochemical modelling expected this month, giving us a better look at the already impressive money shot.
Then independent assessment - targeting 2U (P50) of 120mil boe - current oil price US $60/barrel... it’s no wonder director Joseph Graham believes Napoleon is an exceptional target and one of the most exciting wells to be drilled this year.
Keeping in mind costs of $9mil required from our share of the heads up agreement. Juniors in this space have historically been looked at favourably, with oversubscribed placements;
- BRK: $8.25million @ $0.0075 per share
- 88e: $10.07million @ $0.006 per share
Therefore I don’t foresee any issue with securing capital for this drill.
Lots to like here. I believe anyone getting in early around these levels has the potential to do very well out of this.
Recently in. Reviewed plenty of oil & gas plays and this stock...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.66M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $15.35K | 5.118M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 86 | 103725225 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6596299 | 4 |
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| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
| TMK (ASX) Chart |