Lets just say that Shell indicates that there are indications of Oil but not up to the levels that they had wanted. Lets also hypothesise that they arent willing to put a figure on the levels that they beleive that are in the explored sites....
what do you guys think the share price would do?
imo..a farm-in agreement will be done. It is just a matter of who the JV partner is and what the shareholders will make of it. There is definitely upside to this stock but extreme patience is needed. Just look what happened to NGE...there was a time when no investor treaded into PNG..in less than six months it goes > 550%
hypothetically speaking.......
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $30.20K | 61.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18945 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 6324 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |