I was looking at the QGC as a case study. BG bought around a 9-10% stake around April from memory (don't quote me on that) and later bought the company out in around Nov/Dec 2008 (note- this was at the peak downturn of the GFC)
if we were to get 2.5tcf from DD2, a 10% sake would be worth around 250million. this would be plenty of cash to drill a couple more holes within the tenement to confirm a potentially mouth-watering larger resource that large player/s would be interested in acquiring.
All speculation at this stage...DYOR, TIME will tell.
The EXR team is doing a fantastic job. I have full confidence in their professionalism and skill set to execute the required decisions going forward.
I will now sit back in the shadows and patiently wait however long it takes.
GLTAH
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10.0¢ |
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Mkt cap ! $113.3M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 10.0¢ | $357.7K | 3.392M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 1855789 | 10.0¢ |
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Price($) | Vol. | No. |
---|---|---|
10.5¢ | 81000 | 2 |
View Market Depth
No. | Vol. | Price($) |
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26 | 1855789 | 0.100 |
3 | 81247 | 0.099 |
1 | 3000 | 0.098 |
2 | 99668 | 0.097 |
1 | 70000 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 81000 | 2 |
0.110 | 551510 | 11 |
0.115 | 85000 | 2 |
0.120 | 168607 | 5 |
0.125 | 15000 | 1 |
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