Take a look at Arrow energy, they were taken over around 2009 I believe, $4:50 ish a share, approximately 5 tcf in the Surat basin, they had a lot of infrastructure and a power plant, pretty sure the T/O price represented a market cap around $4-5b. It’s a long journey, they were operating since the 90’s. Flow testing de-risks the investment, but there’s definitely a long road to get to the $1 plus SP, 40-60 cents should be achievable in the medium term as they prove more reserves/commercial viability and inflation pushes commodity and asset prices north.
Take a look at Arrow energy, they were taken over around 2009 I...
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Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $135.9M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 13.0¢ | 11.0¢ | $381.3K | 3.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 131400 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 12.5¢ | 20000 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
12.0¢ |
Change
0.010 ( 8.99 %) |
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| Open | High | Low | Volume | ||
| 11.3¢ | 13.0¢ | 11.0¢ | 1627269 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| EXR (ASX) Chart |