ETR 0.00% 0.7¢ entyr limited

disappointing!, page-5

  1. 7,877 Posts.
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    luckydog,
    the dilution is relatively minor so i don't believe its resulting in the lacklustre share price performance. simply put, two zones showed oil though no indication it is commercial. further, this stock is so hyped up its not funny.

    as i said you need at least 500 BOPD from Aztam5 in production (not a headline flow rate such as Aztam4 at 1000 BOPD) to support share price anywhere around 2cents. At this stage one well at 170 BOPD is not enough to support market cap of $15m though obviously success at Aztam 5 is priced in - at least a component thereof.

    Good luck

 
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