Because OMA is not really restricted by capital since they can just tap into Tristar's money to spend big money on horizontal wells.
Imagine us spending $60M for an appraisal well and having a dud outcome. Rather do what we do now and spend $5M on this well and then get a partner onboard to drill directional.
Ann: Suspension from Quotation, page-31
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Last
11.5¢ |
Change
0.010(9.52%) |
Mkt cap ! $130.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.8¢ | 10.5¢ | $160.4K | 1.456M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50000 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 16575 | 1 |
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| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
0.010 ( 9.52 %) |
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| Open | High | Low | Volume | ||
| 10.8¢ | 12.0¢ | 10.5¢ | 1375736 | ||
| Last updated 15.58pm 29/05/2024 ? | |||||
| EXR (ASX) Chart |