Although not a holder, I for one wouldn't be disappointed to see Billiton exit. In fact it may turn me into a buyer.
With a good cash balance, OEL could drill in SC-55 off their own bat. While not generally done for risk mitigation purposes in the junior sector, if they are so confident in the acreage I say why not?
The sun is shining in terms of oil price. Why not take a punt?
Confirimg drilling whether a farm-in partner is there or not will also likely increase the liklihood of a farm-in partner being flushed out and improve the commercial terms of any farm-in.
I'd much rather see this than looking to spend the cash trying to find a new basin, M&A activity etc.
OK?
OK
Although not a holder, I for one wouldn't be disappointed to see...
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add OEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 13014188 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 13749185 | 21 |
View Market Depth
| Last trade - 10.58am 22/08/2024 (20 minute delay) ? |
| OEL (ASX) Chart |
Day chart unavailable