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16.0¢ comet ridge limited

There water mngt costs have also been spruiked to be minimal

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Investing2012

343 Posts.

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23/09/24

11:49

Post #: 75793289
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Originally posted by Autosime: ↑

No- STX traded at a double market cap to WGO even though they had exactly the same reserve on the same asset and had locked in their gas at a very low price via the WES GSA . Gina and BPT fought for WGO as their gas was uncontracred in a rising market . Also they had to build an expensive gas plant for WE , and they would be subject to 3 times tariff Comet likely to pay as Comet doesn’t need an expensive capital intensive gas plant/ STX has tried to grow aggressively but their exploration program has disappointed. They have sole funded some very expensive wells which have been duds in south Euragela. When making comparisons one really needs to understand the company and the assets. Mahalo has very low C02 and just need pipelines and a couple of gas compression points. If one truly appreciates how good Mahalo is, one truly understands it’s an extremely valued reserve / resource . The main cost is drilling the wells and as already discussed technology development is resulting in longer wells producing more gas for every dollar spent , metre drilled

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There water mngt costs have also been spruiked to be minimal

COI Price at posting: 17.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 16.0¢		Change 0.000(0.00%)		Mkt cap ! $177.6M

Open	High	Low	Value	Volume
16.0¢	16.5¢	16.0¢	$186.7K	1.162M

Buyers (Bids)

No.	Vol.	Price($)
2	6642	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	63496	5

View Market Depth

No.	Vol.	Price($)
6	555258	0.155
7	614801	0.150
1	100000	0.145
1	185000	0.140
1	10000	0.100

Price($)	Vol.	No.
0.165	63496	5
0.170	507055	8
0.175	195181	5
0.180	300372	6
0.185	70000	2

Last trade - 16.10pm 18/10/2024 (20 minute delay)

COI (ASX) Chart