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.
Because OMA is not really restricted by capital since they can...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $124.7M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $88.03K | 781.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 1268789 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 301249 | 7 |
View Market Depth
| Last trade - 11.53am 14/05/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
0.005 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| 11.0¢ | 11.5¢ | 11.0¢ | 532395 | ||
| Last updated 12.09pm 14/05/2024 ? | |||||
| EXR (ASX) Chart |