Yes, and cash is a bit tight.
While the K1 report had some mistakes, I think the underlying valuation was about right. OEL sp might track a bit above 6c once the 3 wells are producing as forecast, but it will take new news to get it higher.
Ann: SM 71 Update - F1 Well Successfully Completed for Production, page-9
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $12.34K | 1.028M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 17892904 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 12332282 | 21 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| OEL (ASX) Chart |