For give for asking this question, but isn't this a little bit premature to get so excited.
They have had success on one hole with Connoco Phillips.
One swallow does not make a summer.
The well has not been proven. There needs to be other holes drilled, what happens if they drill another hole and it flops???
What would the share price drop back to or will it keep going vertical.
Just and interesting thought and when you share prices go vertical they invariably come back to earth just as quick.
MHO
have a look at this for great news exciting, page-6
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Last
$1.66 |
Change
0.005(0.30%) |
Mkt cap ! $1.330B | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.67 | $1.62 | $8.539M | 5.191M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 119561 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 20195 | 3 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| KAR (ASX) Chart |