Me the pumper lol. You and every other trader here is waiting to get out on a dump coming up. You know it’s a long road ahead and Cuba trucks 30,000 barrels of oil a day and your the one pumping that this drill MAY will double the countries production lol.
The Average oil API in Saudi is 34 API and well depths of 500-1500m hence why the high production rate. MAY just told you the drill was difficult because of the type of geology in the drill hence the flow rate will impacted from 4km down a hole on average API of 18-24.
If they manage to truck 5000 barrels per day you’re in the same boat as BRK which is generating 70 million annually in revenue and market cap of 50 million. All depends on flow rate, you can have the worlds largest discovery of 18-25 API oil but heavy oil fields are the toughest to develop 4km down a hole and most are not feasible
Im not a trader and look at fundamentals.
Me the pumper lol. You and every other trader here is waiting to...
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Last
6.6¢ |
Change
-0.003(4.35%) |
Mkt cap ! $222.4M | |||
| Open | High | Low | Value | Volume |
| 6.8¢ | 6.9¢ | 6.2¢ | $614.9K | 9.259M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 371268 | 6.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.8¢ | 50000 | 1 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
6.7¢ |
Change
-0.003 ( 2.90 %) |
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| Open | High | Low | Volume | ||
| 6.9¢ | 6.9¢ | 6.4¢ | 3185575 | ||
| Last updated 15.57pm 17/06/2024 ? | |||||
| MAY (ASX) Chart |
