As previously stated (before the sp dropped from 11 c to 8c) I will wait for the rig to be booked before jumping on for SC55 drilling.
Usual lead time from booking the rig to drilling an offshore well is 6 to 18 months.
Going by the sp, the market realises this.
If OEL sole risk it, I doubt there'll be much of a pre spud run in the sp, given the destruction to OEL's balance sheet if its a duster, and what the lack of the farminee implies wrt SC55's prospectivity.
No hurry to get on imo.
great news, page-25
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Last
1.3¢ |
Change
0.002(18.2%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $1.749K | 143.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 657928 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 2255921 | 6 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| OEL (ASX) Chart |