I reckon they will need to farm in with a bigger player so they can continue to drill & increase reserves without burning their own cash.
Its good they have wells in production with cash coming in the door which is very important.... but to go the whole hog they will need a farm in unless they can sell the project at fair value.
Agreed that low oil prices & some well failures has not helped their cause.
I think its very cheap at these levels
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Last
0.7¢ |
Change
-0.001(6.67%) |
Mkt cap ! $9.226M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $21.62K | 3.085M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 12337363 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 2503139 | 2 |
View Market Depth
| Last trade - 16.10pm 30/06/2025 (20 minute delay) ? |
| ATS (ASX) Chart |