I wasn't suggesting it's not a buy, hell, I took a long CFD position at 26c yesterday which is risky AF.
Just saying it's better to use previous volumetrics as a very rough guide until they come back with something. You can only fit so much oil into the porespace they were estimating had gas in it. Calling a billion barrels will most likely lead to disappointment the way 300mmbbl OOIP at PS1 did.
20% porosity would have been in the Monte Carlo simulation somewhere probably on the higher-than-middle side given previous results. I think we can be very hopeful here that it's at least a mid case scenario.
Honestly though, I'm just waiting for a hydrocarbon indications in the Milne.
I wasn't suggesting it's not a buy, hell, I took a long CFD...
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.5¢ | $780.9K | 4.887M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1236249 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1046275 | 13 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |