I don't know......just like all of us...what has been happening on the rig....
I have been looking at the trades and think there have been some key dates....as follows.....
6/1 spud...then just normal stuff with holders deciding to free carry or decrease risk after the small climb from dec....
4/2 and 6/2 first indication of change in trade...30 days of drilling I think key timeframe at 100metres drilling per day.......perhaps mud logs seen to not be great...
24/2 confirmation of change in trade.....48days of drilling you can bet the jewels that mud logs been confirmed....not exciting....
The above seemed to me to be not following the expected pattern..
The share price has been decreasing since spud with few up days...but it's not just the decrease....
Tomorrow 60 days drilling ...the share price is not showing a duster...I have fingers crossed...that they have found substancial amounts of oil....
I do think oil has been found or the price should have collapsed by now...
IMO
I don't know......just like all of us...what has been happening...
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $146.3M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.8¢ | $2.52K | 140K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5814642 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 1738271 | 5 |
View Market Depth
| Last trade - 10.08am 05/08/2024 (20 minute delay) ? |
| PCL (ASX) Chart |