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¢ |
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Mkt cap ! $130.4M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 11 | 609662 | 11.0¢ |
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| 11.5¢ | 461607 | 8 |
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| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 11.5¢ | 11.5¢ | 11.0¢ | 238569 | ||
| Last updated 15.31pm 03/06/2024 ? | |||||
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