REY rey resources limited
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Today's share price drop for REY makes me wonder whether there...

  1. iona
    756 Posts.
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    09/12/14
    16:22
    Post #: 14433698
    Today's share price drop for REY makes me wonder whether there is something in the announced deal with Backreef Oil that REY has got wrong. REY needs to explain what it has signed up for with Backreef Oil on EP487 Derby Block, where OBL is the operator. Is REY by the announced deal paying for the work program?

    If not, it is a Clayton's announcement and misleading the ASX, and REY's many small shareholders, and Backreef Oil will remain effectively friendless and unlikely to survive to ever deliver an interest in a Production Licence.

    If REY is to pay for the exploration program on EP487 Derby Block, then REY can quickly signal its commitment by saying and doing so.
    REY Price at posting: 6.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
2.7¢ 		Change
-0.003(10.0%) 		Mkt cap ! $5.712M
Open High Low Value Volume
2.7¢ 2.7¢ 2.7¢ $5.52K 204.4K

Buyers (Bids)

No. Vol. Price($)
2 2655572 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 21200 1
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Last trade - 14.34pm 08/08/2025 (20 minute delay) ?
REY (ASX) Chart
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