Interesting little oiler.
Pretty much cash backed and Cash Flow Positive.
So $2M in the bank and EV of maybe $200k?
Looks like management have decided that an oil price stabalising above $50 a barrel is a good enough catalyst to get things moving a little.
Two low risk drills now scheduled for the next few months and one scheduled for re-completion.
Reckon she is gonna wake from her slumber real soon...
.
Interesting little oiler. Pretty much cash backed and Cash Flow...
Add GGE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.001(9.09%) |
Mkt cap ! $11.52M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $1.21K | 205.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 11471009 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 985728 | 4 |
View Market Depth
| Last trade - 11.07am 31/07/2024 (20 minute delay) ? |
| GGE (ASX) Chart |