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0.6¢ prominence energy limited

Ann: Bowsprit - 1 Drilling Update, page-41

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$tockinHood

1,976 Posts.

182

28/10/21

07:57

Post #: 57130571
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Originally posted by insaf: ↑

Bottom line is that oil and gas shows all indicate the presence of oil or gas. It is definitely not a duster. In fact for an appraisal well this is extremely pleasing. There will be hydrocarbons and now the key is to determine whether it can commercially extracted. As this is an appraisal drill subsequent to a discovery, this obviously increases the prospect of a commercial find. I believe the asx is definitely onto prm and requires stqtements that are evidence based. Only following wirelogging can numbers can be estimated. The only risks imo are whether these are residual from escaped gas or unextractable oil/gas. Otherwise we are going to be adding to our value. However the market has been wierd in it's valuation if oil stocks drilling appraisal wells vs ones going after wildcat hit or miss exploration drilling.

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yeh the market is half between 2050 net zero life and 10% ppl who understand oil and gas will never go away lol once the other 90% click on at a re rate I think oil n gas sector will be the one to watch next year

PRM Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.6¢		Change 0.001(9.09%)		Mkt cap ! $2.335M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$3.38K	563.3K

Buyers (Bids)

No.	Vol.	Price($)
9	5560140	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	1001007	3

View Market Depth

No.	Vol.	Price($)
9	5560140	0.005
11	5536646	0.004
5	3376675	0.003
6	2800009	0.002
11	18301091	0.001

Price($)	Vol.	No.
0.006	1001007	3
0.007	1228136	3
0.008	2597615	4
0.010	82100	2
0.011	1086800	1

Last trade - 16.10pm 28/10/2024 (20 minute delay)

PRM (ASX) Chart