That is exactly the point with SM71 it has been an excellent project that has been very profitable for both JV partners .
However the F2 well cash cow , is now at the end of its life and the F1 is past its best .
We are dealing with the present situation not comparing how profitable both have been overall .
The present situation is what the Market values things on .
Not including E2 in the SM58 project doesn't really stand up .
It is a profitable well no matter how you classify it and is part of the overall SM58 project as will be E3 when it is drilled .
E2 you initially called out as a failure and posted that they could run out of money and have to abandon the drill because of cost overuns due to drilling problems .
That is exactly the point with SM71 it has been an excellent...
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Last
6.0¢ |
Change
-0.001(1.64%) |
Mkt cap ! $64.72M | |||
| Open | High | Low | Value | Volume |
| 6.4¢ | 6.4¢ | 5.7¢ | $36.83K | 614.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 600000 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 103244 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
5.9¢ |
Change
-0.001 ( 3.28 %) |
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| Open | High | Low | Volume | ||
| 6.5¢ | 6.5¢ | 5.7¢ | 124196 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| BYE (ASX) Chart |