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
-0.005(1.25%) |
Mkt cap ! $84.36M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 39.5¢ | 39.0¢ | $30.88K | 78.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 29629 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 118691 | 5 |
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| Last trade - 12.48pm 22/05/2024 (20 minute delay) ? |
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Last
39.0¢ |
Change
-0.005 ( 2.50 %) |
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| Open | High | Low | Volume | ||
| 39.5¢ | 39.5¢ | 39.0¢ | 45414 | ||
| Last updated 12.48pm 22/05/2024 ? | |||||
| MSV (ASX) Chart |