this is the 4th well out of 10 short term. Check out the thickness of the coal seam..35m is impressive. Planet is planing to drill up to 200 - 220 wells in this area. They own the area 100%. Its also interesting that these wells can make us$1m + pa for 7 years. Do the maths on that and take a look at the current market cap. Its a joke. I expect planet to be through $1 within 12 months given the maths. Mac Bank have provided the us$8m required to drill and drill and drill. Its a sleeper with massive upside and limited risk IMO. I bought stock for a hold.
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Last
7.5¢ |
Change
-0.004(5.06%) |
Mkt cap ! $61.09M | |||
| Open | High | Low | Value | Volume |
| 7.7¢ | 7.7¢ | 7.4¢ | $164.4K | 2.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 244695 | 7.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.8¢ | 150000 | 1 |
View Market Depth
| Last trade - 14.51pm 12/09/2025 (20 minute delay) ? |
| SKY (ASX) Chart |