20 mmbls p2 reserves @ $20 pbl in the ground $400m
Cash $10m plus positive cash flow around $25 million this coming year.
Fully funded multi well drilling program about to start.
Phoenix fully risked worth 10 cents per share. Could be a company maker.
700m issued shares.
Value 70 cents per share.
Not bad buying for 15 cents.
Cheers all,
fundamentals
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $99.67K | 646.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 256723 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1330643 | 12 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |