Looks like ARQ will be drilling 5 exploration, as well as a few Eremia Appraisal wells this year.
This means we'll know this year if L1 and L2 holds 20 - 50 - 100 MMBLS!
(50MMBLS * ((( US$20/BBL - US$5 ) / 0.6) * 0.667) * 50%) / 180M shares = $2.30 a share
Market will probably only go 2/3rds of that , so $1.50 - $1.80.
Not bad for a spec oiler.
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5 exploration wells this year
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Last
15.8¢ |
Change
0.003(1.61%) |
Mkt cap ! $53.02M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.5¢ | $27.05K | 173.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 283792 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 553749 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 283792 | 0.155 |
4 | 291911 | 0.150 |
5 | 78568 | 0.145 |
6 | 190425 | 0.140 |
4 | 72814 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 553749 | 7 |
0.165 | 219856 | 9 |
0.170 | 1205302 | 9 |
0.175 | 123404 | 5 |
0.180 | 245828 | 11 |
Last trade - 12.57pm 18/06/2024 (20 minute delay) ? |
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Last
15.8¢ |
  |
Change
0.003 ( 1.61 %) |
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Open | High | Low | Volume | ||
15.5¢ | 15.8¢ | 15.5¢ | 124483 | ||
Last updated 12.05pm 18/06/2024 ? |
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