They still need to come up with something more imo especially in the event of Hawkeye being a duster and to ensure drilling Cinco. They were adamant at one stage that negative results at Hawkeye didnt reflect negatively on the prospectivety of Cinco because they were different types of structures, although recently this line doesnt seem to be being reinforced?
OEL are saying "we have enough funding for the next 2 years exploration program" which on face value seems a large understatement. They're claiming a free carry on Hawkeye which i dont doubt, now they r saying " we will consider farming out Tanzania" which i would guess would be for a further free carry and imo quite a likely scenario. So the question is ....where is approx $40M getting spent because in the next 12 months if they do get a free carry farmout away in Tanzania they cant be spending much of that $40M?
They clearly have the finances to consider other options ....like funding a reasonable part of Cinco....partnering into another well ....?
- Forums
- ASX - By Stock
- Capital Return
They still need to come up with something more imo especially in...
-
-
- There are more pages in this discussion • 12 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 OEL (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $4.714K | 392.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 7391126 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 18351847 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 7143961 | 0.012 |
9 | 7876361 | 0.011 |
6 | 14157452 | 0.010 |
2 | 1375122 | 0.008 |
2 | 166837 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 15468729 | 13 |
0.014 | 4999235 | 10 |
0.015 | 4127000 | 5 |
0.016 | 2000000 | 1 |
0.017 | 72000 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
OEL (ASX) Chart |