The Century 18 rig was released on 28 April and is being
moved to the Drakea 1 exploration well location in L1. It is 100% owned and operated by Arc and worth up to $1.00 per share on success, according to Arc's estimates.
Also drilling in Yemen has started, the 2 wells chasing 50-100 million barrels of oil, Arc has 15% so this could be worth 50c - $1.00 per share on success.
Similar numbers are possible with the Perseverance well about to spud offshore WA in just a few days, weather permitting.
A total of 5 high impact wells over just a few weeks then quickly followed up by elephant hunting in the Canning.
drakea about to spud and more
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add 5GN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $50.5M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.3¢ | 14.0¢ | $2.910M | 19.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 239951 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 572545 | 10 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |