Sorry, in hindsight, two wells is probably a better guess. For clarity I would not be directly applying the deal value to get a guide for potential market cap. I don't think we can apply that valuation in as much as the activity (3D + drilling) will add multiples of value once completed (if successful of course). Some of the smarty commercial types will apply risked resources and NPVs etc... etc... into those calculations...
Ann: Quarterly Activities Report, page-198
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $121.9M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $35.61K | 2.328M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 8102178 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 2723420 | 6 |
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