WGO have 211 PJ of 2P at West Erregulla (not sure what else) and have offers at around $400m. They have significant exploration upside, high flow rate production potential and a strategic premium. As such I'd say that $2/GJ is the absolute maximum for a valuation. Closer to $1 would be normal for an operation like MEL's....With 35PJ of 2P/C I can see where the Blue Ocean 4.5cps comes from.
As far as Bridgeport goes - I can see them as being a seller being a buyer.
WGO have 211 PJ of 2P at West Erregulla (not sure what else) and...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.830M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2393755 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3778476 | 8 |
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| Last trade - 10.33am 04/10/2024 (20 minute delay) ? |
| MEL (ASX) Chart |
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