Why I think it is a good buy.
Firstly, not everyone has heard about it yet.
Second, Apache produces over 600k barrels of oil per day worldwide.
It is not going to be in the business of making scurrilous claims to the market.
If it says it could contain up to 300M barrels of oil in place then they would only say that if they thought it was a fair comment. (Remember this has been reported on the NASDAQ as well.)
Where there is smoke there is fire. i.e. there could be plenty more for the picking within those tenements.
EV of discovery just, page-6
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Last
19.5¢ |
Change
-0.010(4.88%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.3¢ | 19.5¢ | $194.1K | 985.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 903500 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 427080 | 5 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |