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
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.55M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 15.5¢ | $81.82K | 507.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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16.5¢ | 117609 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.155 |
5 | 91304 | 0.150 |
2 | 2568 | 0.145 |
5 | 176140 | 0.140 |
4 | 72814 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 117609 | 3 |
0.170 | 205550 | 4 |
0.175 | 114451 | 8 |
0.180 | 121752 | 7 |
0.185 | 42500 | 3 |
Last trade - 15.39pm 06/06/2024 (20 minute delay) ? |
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Last
16.5¢ |
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Change
0.000 ( 3.13 %) |
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Open | High | Low | Volume | ||
16.0¢ | 16.5¢ | 16.0¢ | 328504 | ||
Last updated 15.39pm 06/06/2024 ? |
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