Reserves associated with any oil or gas discovery are distributed on a log normal curve. In other words, smaller amounts of reserves are much more probable than larger reserve numbers. The probability of 4 TCF contingent reserves is... well, improbable. And 50c/share would be a 25 bagger from Friday's close. I'm optimistic but also realistic. I could see a quick double in PPS in the short run with a favorable announcement. Who knows? It could get much better from there. I'm looking forward to an announcement... whenever it comes.
Reserves associated with any oil or gas discovery are...
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Mkt cap ! $20.73M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $33.09K | 9.654M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 81460124 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 61302071 | 33 |
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| Last trade - 15.45pm 16/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.3¢ | 227882 | ||
| Last updated 13.11pm 16/05/2024 ? | |||||
| TMK (ASX) Chart |