If the PPSA is signed in April and they secure funding for flow testing in June I’ll be buying. I’m sure many others will be too. They are reviewing tenders for the test now. Timing will depend on who is cheap and when they are available.
Solid run up to the test but we know M2 isn’t the best spot in the basin for a production well (hence the 3D) so maybe the flow test doesn’t knock it out of the park but establishes that yes it’s commercial.
JV partner, downstream funding, all could happen this year. 2025 they can focus on drilling the sweet spots.
If the PPSA is signed in April and they secure funding for flow...
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Mkt cap ! $99.25M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 7.0¢ | 6.7¢ | $103.6K | 1.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 133333 | 6.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 755999 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 6.8¢ | 6.9¢ | 6.7¢ | 903504 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| IVZ (ASX) Chart |