Seems a No Brainer. Drill a development well. Cost about 3 mill. Receive from Production about $400k a month Nett profit. Payback less than a year. A small risk and as long as oil prices remain above $50.oo. Wish I was in that position and not jus a share holder.
Seems a No Brainer. Drill a development well. Cost about 3 mill....
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Last
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Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $34.57K | 2.659M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 6847055 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 909195 | 2 |
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| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.3¢ | 1.4¢ | 1.3¢ | 841033 | ||
| Last updated 15.31pm 07/05/2024 ? | |||||
| OEL (ASX) Chart |