What a tree shake! Been preaching about buying the dips for weeks and today was the Mother of all dips! Had multiple buy orders in the queue to add to my many millions bought all the way up from my initial buys 1.7c (MAY) and 0.4c (MAYO) back in September. Absolutely gobsmacked I was able to average in at a tad over 11c from my buying today.
Have punters forgotten the announcement 15 days ago that we are sitting on a prospective resource of 34,000,000 barrels of oil and that is based solely on just 1 of 3 targets and a 5% recovery rate. As I noted at the time for a whole bunch of reasons a more realistic rate is 10% which means around 70MBO coming our way and remember thats based on just 1 of 3 targets for this well.
10c hardly covers the above resource let alone what may be contained in the additional 2 targets yet to be determined. Plus what about drilling Zap-1 next month?
FFS the value here is extraordinay!
What a tree shake! Been preaching about buying the dips for...
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Last
5.3¢ |
Change
0.002(3.92%) |
Mkt cap ! $178.6M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.3¢ | 5.1¢ | $74.88K | 1.432M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 231092 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 553927 | 4 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
5.2¢ |
Change
0.002 ( 1.96 %) |
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| Open | High | Low | Volume | ||
| 5.2¢ | 5.3¢ | 5.1¢ | 501415 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| MAY (ASX) Chart |