Hi BG
I do have quite a large position in the Southern Canning as you have discerned, well done.
It amazing what you can do/achieve when you have first move advantage and a some knowledge of oil industry.
My biased view having worked the Canning Basin for over 10 years is that it could be bigger than Kuwait in terms of possible recoverable oil and gas, what a fantastic and luck country Australia is. The Canning Basin has over 25 prospects that each have the potential for over 100 million barrels recoverable, amazing opportunity. Major risk for the Southern Canning play is reservoir deliverability, can only be prove by drilling or de-risked some what by using magnetic telluric techniques (onshore CSEM).
Let’s see if Arc is lucky or not, Eric got a very good track record.
Your theory of following where there is already oil and seismic is well thought out, unfortunately all the proven oil basin are expensive in terms of the cost of entry, hence Arc play into the Canning, one if not the only cheap onshore proven oil basin that a company of Arc size could get a meaningful acreage holding.
My current share market play is to wait for the TAP T/O offer (biased again of course), then swap with profits into ARQ, might not happen if Arc do the T/O offer. What do you think BG on this strategy?
Cheers
PC43
Kingsway Oil floats some time soon, but maybe not in OZ.
If you want to contact me directly try [email protected]
- Forums
- ASX - By Stock
- canning exposure possible bigger than kuwait
Hi BGI do have quite a large position in the Southern Canning as...
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 5GN (ASX) to my watchlist
(20min delay)
|
|||||
Last
14.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.03M |
Open | High | Low | Value | Volume |
14.5¢ | 14.8¢ | 14.5¢ | $9.024K | 62.08K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1825182 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 2023738 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1825182 | 0.145 |
9 | 3707953 | 0.140 |
12 | 707735 | 0.135 |
2 | 500025 | 0.130 |
1 | 250000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 2023738 | 27 |
0.155 | 1886525 | 17 |
0.160 | 353210 | 8 |
0.165 | 211402 | 7 |
0.170 | 25000 | 1 |
Last trade - 12.22pm 01/10/2024 (20 minute delay) ? |
Featured News
5GN (ASX) Chart |
The Watchlist
BM8
BATTERY AGE MINERALS LTD
Nigel Broomham, CEO
Nigel Broomham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online