While we await the next announcement from MMR on PEP 11, BUY ain't holding back their views within the 1:10 rights issue release - "Bounty has seen major progress offshore Sydney Basin, where our partners have conclusively proved an active hydrocarbon gas generating system, the potential for major gas reserves in the range around 5 trillion cubic feet (TCF) and are close to contracting a semi submersible drill rig and funding for an exploration test well in the Fish-Baleen area about 20 kms offshore from Newcastle. The estimated well cost is $20 million."
An interesting snapshot and good to see PEP 11 is now "conclusively proved" as an active hydrocarbon gas generating system.
While we await the next announcement from MMR on PEP 11, BUY...
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Last
0.5¢ |
Change
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Mkt cap ! $7.492M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $4.814K | 962.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 143365 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 6466798 | 10 |
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| Last trade - 15.04pm 08/11/2024 (20 minute delay) ? |
| BUY (ASX) Chart |