It's a good question Giose. I would suspect because we currently don't have any certified oil reserves. The appraisal wells will change estimates to reserves. The back ground activities i.e. employing a CFO and CCO and words like "field development plans" indicate that Company is very confident that we have plenty of commercial oil to sell to market and the Company wants to go from an oily penny to an oil producer quickly...
Stocks that go from species to producers generally have big jumps in share prices. Due mainly different types of investors, brokers & institutions come on board.
There is a few others around here that would probably add some more details but that's my opinion.
It's a good question Giose. I would suspect because we currently...
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Last
3.5¢ |
Change
0.002(6.06%) |
Mkt cap ! $117.9M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.6¢ | 3.3¢ | $577.5K | 16.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1018559 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 1521853 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MAY (ASX) Chart |