For those wanting an understanding of the level this is spitting out cash as follows based on last update and last quarterly production/staff/admin figures
In other words OEL are banking 88% of Net Income - more impressively the recent Oyster Bayou & Mosquito Bay finds are covering all of OEL's OPEX by a factor of 2 ie they are netting OEL $35K day at present income while OEL production/staff and admin expenses are around $17.5k day.
In other words all of SM71 income all of Lightning income and surplus OBS & MBW and hopefully in time all of GC21 income can go towards the drill bit / acquisition or capital management items.
Best part of USD$4M a month of liquidity being added at the moment - worth AUD$6.2M or 0.13cps/per month.
For those wanting an understanding of the level this is spitting...
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $11.24K | 889.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15101037 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 12440674 | 19 |
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| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| OEL (ASX) Chart |