In plain English not trying to guess how many millions of barrels there is we have PLENTY to call it commercial. Why oh why does the share price stay put even after the great announcement this morning.
The simple answer is not one oil company in the world share price hasn't gone backwards .
The doom sayers that are all shorting oil will tell you as much. Tails such as the world is awash with oil .Oil companies are going broke daily, nowhere to put the zillion barrels that each oil company is stockpiling .Until they deceide otherwise there will be no one willing to invest huge money in this sector.
So once again in plain English we need a rise in price of oil asap.
Drilling programme potential, page-106
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Last
51.0¢ |
Change
-0.010(1.92%) |
Mkt cap ! $47.59M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.8¢ | 51.0¢ | $19.15K | 37.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17022 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 130 | 1 |
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| Last trade - 12.06pm 10/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |