Even if Gradizza-1 is a success (a 27% chance, though what outcomes that encompasses is unclear), it's likely to be at least two years before it's producing, given the delays in the regulatory process.
Still, you'd think an extra 9 bcf of proven reserves would have to see the share price back over 20c. A complete failure will probably see it back to 9c, but maybe not much worse given the relatively low probability of success. Then there are all the intermediate results, with some gas but not as much as hoped for...
Even if Gradizza-1 is a success (a 27% chance, though what...
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Last
5.5¢ |
Change
-0.002(3.51%) |
Mkt cap ! $63.74M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.7¢ | 5.5¢ | $8.907K | 156.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 485523 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 141504 | 2 |
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| Last trade - 15.42pm 28/07/2025 (20 minute delay) ? |
| PVE (ASX) Chart |