Rig utilisation for Sept 2017 quarter just announced today to be at 63% of capacity (40 rigs) up from 35% capacity (22 rigs) for June quarter.
Drilling prices 30% below peak of last cycle.
At full capacity this is on a cashflow multiple of around of 4 times.
When rig count gets to 63 rigs in use for a full year the share price will be much higher than where we are today!
Ann: Presentation - Noosa Mining Conference, page-12
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Last
39.5¢ |
Change
0.015(3.95%) |
Mkt cap ! $84.30M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.0¢ | 39.5¢ | $9.287K | 23.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 8287 | 1 |
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| Last trade - 11.03am 21/10/2024 (20 minute delay) ? |
| MSV (ASX) Chart |