I think they are potentially sitting on a new major oil discovery in Presidio, much like Eagle Ford was back in 2008 when it was discovered. Have a look at the attached slide for what it might transpire once further drilling is confirmed.
https://stedc.tamucc.edu/files/Robertson.pdf
Ann: Flowback Update on Presidio 52 No.1 Well, page-9
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Last
3.7¢ |
Change
-0.003(7.50%) |
Mkt cap ! $96.35M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 4.2¢ | 3.5¢ | $163.4K | 4.205M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 50000 | 1 |
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| Last trade - 15.45pm 06/06/2024 (20 minute delay) ? |
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Last
3.5¢ |
Change
-0.003 ( 10.3 %) |
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| Open | High | Low | Volume | ||
| 3.9¢ | 4.1¢ | 3.5¢ | 508379 | ||
| Last updated 14.41pm 06/06/2024 ? | |||||
| HE8 (ASX) Chart |