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
11.0¢ |
Change
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Mkt cap ! $127.5M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 4 | 264753 | 11.0¢ |
Sellers (Offers)
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| 11.5¢ | 82638 | 5 |
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| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
11.0¢ |
Change
-0.005 ( 0.27 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 11.5¢ | 11.0¢ | 329516 | ||
| Last updated 15.57pm 30/05/2024 ? | |||||
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