There is a lot of action over at Norwest Energy (NWE), who is our partner with the Xanadu acreage (TP-15 permit).
All s/h of TEG have likely written off any chance of commercialising Xanadu but I wonder whether this may still have a chance of being reassessed in the future. My reason is that NWE are a strong chance of a take over over by MIN (19.9% s/h of NWE) and MIN have very deep pockets and are absolutely committed to the Perth Basin as the largest holder of acreage in the region I seem to recall.
Just my thoughts and I won't be banking on it, but Xanadu may rise up in the future with some luck.
GLTAH.
There is a lot of action over at Norwest Energy (NWE), who is...
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Mkt cap ! $38.08M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 1.9¢ | $515.6K | 24.47M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1575358 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 3049999 | 7 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 2.2¢ | 2.2¢ | 1.9¢ | 10280265 | ||
| Last updated 15.44pm 14/06/2024 ? | |||||
| TEG (ASX) Chart |