OEL and NDO have basically the same share of the Galoc field.
NDO have booked a drill rig for the end of the year, i see this as the only difference, substantially different market cap based on this with OEL giving more leverage into the same projects, same area, bigger targets.
I expect Exon Mobil to get more involved in the area if this comes off, wouldnt be surprised of a big partner farm in to OEL's Marantao target.
Cant wait till 16th june for first oil as per
http://uk.reuters.com/article/oilRpt/idUKMAN10639320080610?sp=true
Both stocks look like good plays but I am going for the leverage of a much smaller market cap that OEL gives you.
OEL and NDO have basically the same share of the Galoc field....
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $12.34K | 1.028M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 17892904 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 12332282 | 21 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| OEL (ASX) Chart |