Can anyone think of any examples on the asx? I can only think of the large find for Carnarvon which was offshore and Far which became a saga, onshore we haven't had any really large oil finds in some time. AWE for Waitsia gas. Just curious about what could happen what if we are on an elephant deposit of 500mmb oil field or greater would the market revalue overnight lol
It'd be a feeding frenzy for sure.
Examples of wild cat well successes for minnows who became mid level oilers overnight
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Mkt cap ! $138.1M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 4.1¢ | $184.4K | 4.395M |
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| No. | Vol. | Price($) |
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| 11 | 946604 | 4.1¢ |
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| Price($) | Vol. | No. |
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| 4.2¢ | 250000 | 1 |
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| MAY (ASX) Chart |