A placement would make good sense, but could also see significant dilution. having said that, form an operational perspective a farm out would essentially be diluting the company too. I find it interesting that OEL were scrambling this morning - clearly the content wasn't jointly put together. The vibe of the presentation was very upbeat, so I think you're on the ball with the 95% stitched up comment. Not a huge fan of a company assuming success for an undrilled well (#2) but can't really blame them at this point.
All in all, there is significant upside potential from January - big question is how it will be done.
Ann: Investor Presentation, page-5
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Last
6.0¢ |
Change
-0.001(1.64%) |
Mkt cap ! $64.72M | |||
| Open | High | Low | Value | Volume |
| 6.4¢ | 6.4¢ | 5.7¢ | $36.83K | 614.8K |
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| No. | Vol. | Price($) |
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| 3 | 600000 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 6.0¢ | 103244 | 1 |
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5.9¢ |
Change
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| Last updated 15.59pm 03/05/2024 ? | |||||
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