I would have thought the stock would pull back to .3 - .4 on a dry well but its dropped to .2c.
This suggests that once its eaten the sellers, it might recover a little. Management will now build the next lease up into doing some sort of a deal. The area is far from dead, so expect more wells to be drilled. Chariot is next - someone will find the source in due course. Hard game the old oil spot.
Ann: Cormorant-1 Exploration Well in PEL 37 Offsh Namibia Result, page-72
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $130.1M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.6¢ | $123.0K | 7.674M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 7479874 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 895007 | 6 |
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| Last trade - 15.43pm 12/11/2024 (20 minute delay) ? |
| PCL (ASX) Chart |