It is only a 50% holding but WGO's estimates of 165-403Bcf of gas lead us a very long way to our previous share price of 50c.
Based on the above figures and your figure of 200-300Bcf we are looking at 38% - 100% of the value that was previously ascribed to STX before SE was deemed a failure.
That is the low range of ED1 vs the high range of SE and the high range of ED1 vs the low range of SE.
Based upon an average low share price of 20c we could see additional value generating a share price of 32c - 50c following a successful flow test if those figures are anything to go by. Somewhere in the middle is 41c. A long way up as far as I can tell.
Nothing else has fundamemtally changed so I am looking forward to the pending results and potentially rocket in the share price!
Ann: Erregulla Deep-1 Flowtest Commences, page-517
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Last
23.0¢ |
Change
0.005(2.22%) |
Mkt cap ! $659.0M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 22.0¢ | $796.0K | 3.523M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 289305 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 3584138 | 21 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| STX (ASX) Chart |