Hope you are correct Jimmyoz. We need GREAT news.
Proteus-1 Exploration Well should be complete this week baring problems. A lot of problems with pumps, etc.. can occur this deep.
IMHO KAR would have informed us if any oil shows occurred considering they were trying to sell shares.
The principal objective of the exploration program is to better define the size and quality of the hydrocarbon accumulations within the exploration permits which contain the greater Poseidon trend.
They have to be close to the bottom by now with no outstanding problems remaining. This puts all the eggs in one basket at this point as it pertains to the share price.
We will either see A$7.00 or more with a find or A$4.99 or less with no find.
I cannot see what the buys and sell are going to be before open. Hope it is good.
Bob
good news week, page-7
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Last
$1.84 |
Change
-0.005(0.27%) |
Mkt cap ! $1.470B | |||
| Open | High | Low | Value | Volume |
| $1.84 | $1.86 | $1.82 | $5.917M | 3.219M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 48719 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 7249 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |