ACN 0.00% 28.5¢ acer energy limited

i cant believe what im seeing

  1. 1,807 Posts.
    was trying to round up some more cash today and buy more inp but i've exhausted all avenues.
    quite a remarkable decline from the capital raising a few months ago when oil was trading at $85
    since then, flax 5 & 6 have been confirmed as future oil producing wells and both wells exceeded pre drill expectations.
    flax 6 also suggests the possibility of a greater oil
    column in the Flax field than established by the Flax East 1 well.
    fast forward a few months and the market has capitulated and inp down about 40% from the november capital raising although the price of oil is surging towards $110 ($115 for tapis).
    this company is sitting on the biggest onshore oil discovery in australian history yet the market doesnt want to know about it.
 
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Currently unlisted public company.

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