Alright they're doing a flow test to find out a gas/condensate ratio for 2-3 months. So who said they abandoned this Roc n roll well.
The PS1 and ROC would be developed together if ROC proves to be commercial and the JV will decide to drill more wells after that evaluation.
Quadrant is an unlisted company according to one of the posters so the company is fully immunized in this mentally volatile poo over its listed peers.
Quadrant will not reluctant to hand out more monies to explore for more prospects in this highly oil province.
The total cash, 100 on hand, 30 on oil sales and 30 free carry, should push this enterprise value to near doubled the current sp.
What's about if the company buys a gold company as a hedge for oil exploration. I guess the sp would never fall because the banks value Gold relative to cash equivalent rather than the ill fated oil assets as collaterals.
Alright they're doing a flow test to find out a gas/condensate...
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21.0¢ |
Change
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Mkt cap ! $375.6M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.5¢ | 20.8¢ | $284.9K | 1.350M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 363996 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 21.5¢ | 140779 | 3 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
21.0¢ |
Change
0.000 ( 2.33 %) |
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| Open | High | Low | Volume | ||
| 21.0¢ | 21.5¢ | 21.0¢ | 311543 | ||
| Last updated 15.38pm 24/05/2024 ? | |||||
| CVN (ASX) Chart |