Not monetising by selling can be a catastrophic mistake. So far the drilling teams have been awesome and everything went well. But if DP says our monetisation pathway is to maximise drilling to "just" sell oil:
1- if the drilling operation has a hiccup, that would be seen very badly for the SP. Drilling won't 100% of the times go well, it is a tricky operation, so it is risky. This was a needed risk in order to hold the land and prove value, but drilling just to produce is risky.
2- if we just buy land, drill and sell oil, isn't that what every other producer does? I got here with the idea they were into "real state" for oil. Not looking like that now.
Anyway, wait and see. Selling lambo, low kms.
Not monetising by selling can be a catastrophic mistake. So far...
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Last
1.4¢ |
Change
-0.001(3.57%) |
Mkt cap ! $64.32M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.4¢ | $15.22K | 1.088M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 13983753 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.4¢ | 9706003 | 9 |
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| Last trade - 11.42am 03/05/2024 (20 minute delay) ? |
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Last
1.3¢ |
Change
-0.001 ( 7.14 %) |
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| Open | High | Low | Volume | ||
| 1.4¢ | 1.4¢ | 1.3¢ | 2399566 | ||
| Last updated 15.54pm 03/05/2024 ? | |||||
| BRK (ASX) Chart |