re: Ann: AuDAX secures $20M Committed Equity ... This $20M ensures they will drill the first well regardless of whether WER can complete the funding or not... I feel this is great news because which minor oil and gas other than central petroleum has been able to secure such a funding? $20M is more than half of their market capitalization, clearly shows that someone has faith in the prospect...
As dexter1 pointed out the major problem will be porosity/permeability of the reservoir, but do note shell did a well kill test and found there to be no evidence of a poor flow.... (More can be found in their technical reports)
re: Ann: AuDAX secures $20M Committed Equity ... This $20M...
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Last
9.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.13M | |||
| Open | High | Low | Value | Volume |
| 9.7¢ | 10.0¢ | 9.7¢ | $16.42K | 168.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24125 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 151227 | 2 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| ADX (ASX) Chart |