Based on this report this makes the opportunity very exciting and potentially very near term.
My understanding is:
200,000 cu feet = 200mcf.
200mcf x $600/mcf x 70% ownership x 365 days = $30,660,000 revenue per year for one well with near to immediate monetisation.
In my opinion the upside on this stock is stratospheric.
Please DYOR
Ann: Quarterly Activities Report / Appendix 5B Cash Flow Report, page-2
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $8.576M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $555 | 172.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 9164520 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 3561124 | 6 |
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| Last trade - 14.02pm 01/11/2024 (20 minute delay) ? |
| GGE (ASX) Chart |