Oil was not really considered. It was even headed as "Centella Gas appraisal". The irony is that they have commercial oil but as there was absolutely no gas the extraction will be pumped. Arq to still report on amount of oil but initial thinking of Weres is 1 to 2 mb.
The point some of the brokers are making is that it opens up the previous gas area to oil-.
Arq is in the very early days of exploration-barely begun. Next year once they have finished the 3d seismic and select their targets it will be a good stock to be in.
centella, page-2
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $53.86M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.0¢ | $153.0K | 985.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 157818 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 496370 | 10 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |