It's not complicated guys. Strategy is well set out in the latest Investor Presentation.
It is all about RESERVES. This is how these Companies get valued and ultimately re-rated. Wells need to be drilled to prove up the reserves. Cash flow comes as a result of the drilling and is typically re-invested in more drilling to prove up more reserves.
Ann: Strong initial flow rate from maiden STACK Play well, page-14
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Last
1.2¢ |
Change
0.001(4.55%) |
Mkt cap ! $54.79M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $28.56K | 2.528M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 20857507 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 11237965 | 15 |
View Market Depth
| Last trade - 14.33pm 17/06/2024 (20 minute delay) ? |
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Last
1.2¢ |
Change
0.001 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| 1.1¢ | 1.2¢ | 1.1¢ | 4948802 | ||
| Last updated 14.40pm 17/06/2024 ? | |||||
| BRK (ASX) Chart |
