Delving into gas turbine produced electricity the net profit to producers ranges from ~10% to 30% (there are many dependencies). So AXP makes a profit selling it's gas to itself ( the flare gas which now is saleable, which previously wasn't)) then profits further from the sale of electricity. As the gas is removed from the wells the oil production increases ergo more money. Somehow I think that 100th of a cent a share could be a tad low???? Opinions very welcome!!
Delving into gas turbine produced electricity the net profit to...
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Last
0.1¢ |
Change
-0.001(50.0%) |
Mkt cap ! $5.825M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.1¢ | $42 | 32.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 184932345 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 128144545 | 74 |
View Market Depth
| Last trade - 15.15pm 03/05/2024 (20 minute delay) ? |
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Last
0.2¢ |
Change
-0.001 ( 50.0 %) |
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| Open | High | Low | Volume | ||
| 0.1¢ | 0.2¢ | 0.1¢ | 1100000 | ||
| Last updated 14.14pm 03/05/2024 ? | |||||
| AXP (ASX) Chart |