SM71 still has considerable reserves but the current wells have seen their best .
With end of life remediation costs to pay how much is a non operator share worth with an operating partner saying that it does not make sense to drill for several years yet ?
I do not think that BYE would be at all interested in OEL's other assets .
Just at this time imo BYE does not have the capacity to borrow the money but if they have drilling success that could change quickly .
It would not be a scrip offer while the SP was considered undervalued by BYE and they would only borrow the money if they thought it was a value accreting buy .
However something seems to be brewing with OEL and their assets may go elsewhere soon .
SM71 still has considerable reserves but the current wells have...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add OEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $9.1K | 700K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 12179048 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 15060860 | 16 |
View Market Depth
| Last trade - 15.54pm 03/10/2024 (20 minute delay) ? |
| OEL (ASX) Chart |