Mel gets $100,000 for the due diligence they had done and introducing VEN to the project .
The drilling looks locked in now.
There is a lot of excitement in the Perth basin but it has been all about gas .
Gas prices are low in the West and imo will possibly get lower as new players muscle in to an already well supplied market .
Big infrastructure spend for new gas players too .
Cervantes is a large oil target with several independent targets that raises the COGS a bit .
Oil handling facility closeby which the JV have negotiated access to .
Relatively low capital cost and short time to first revenue if they were to find commercial oil .
Keep our fingers crossed but imo an ideal project for our little minow .
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Mkt cap ! $3.674M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 16630498 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10381720 | 9 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
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