Even if they announce a second rig and program which I'm hoping they do in the next quarterly it's going to be a flash in the pan with a 3-6 month wait for more boots on the ground imo until they show sustained earnings and the ramp up towards more oil production it won't move good to see Karoon finally moving up they are killing a pig atm. Unless the reserves upgrade is huge as well maybe then 20 cents again? Unsure how long mcdaniels will take to release that.
The timing is good with the way oil is affecting the world economy to get production up but as some punters have noted 400 bopd is where some juniors are at with much lower market caps so we need some sustained timeline where the big end of town sees the production and comes on board to move the dial or the unlikely takeover lob would do it.
- Forums
- ASX - By Stock
- Ann: Block 9 - Early Production and Spud of Alameda-3
Even if they announce a second rig and program which I'm...
-
-
- There are more pages in this discussion • 375 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAY (ASX) to my watchlist
|
|||||
Last
2.3¢ |
Change
0.002(9.52%) |
Mkt cap ! $77.51M |
Open | High | Low | Value | Volume |
2.2¢ | 2.3¢ | 2.2¢ | $83.23K | 3.644M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 310691 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 3542587 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 309691 | 0.022 |
12 | 2574442 | 0.021 |
23 | 4371251 | 0.020 |
6 | 1029920 | 0.019 |
4 | 677480 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 3542587 | 7 |
0.025 | 866441 | 4 |
0.026 | 2095955 | 3 |
0.027 | 1100000 | 2 |
0.028 | 1353439 | 5 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |