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
I was looking at the QGC as a case study. BG bought around a...
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Last
10.3¢ |
Change
-0.008(6.82%) |
Mkt cap ! $118.9M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $161.7K | 1.542M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 1617677 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 500700 | 6 |
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| Last trade - 12.07pm 01/05/2024 (20 minute delay) ? |
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Last
10.3¢ |
Change
-0.008 ( 6.82 %) |
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| Open | High | Low | Volume | ||
| 10.8¢ | 11.0¢ | 10.0¢ | 1342887 | ||
| Last updated 12.17pm 01/05/2024 ? | |||||
| EXR (ASX) Chart |