@Robservation01 Once EXR fully dewater their pilot production wells which might require 1 or two additional pilot wells, one could speculate the following based on reported 14.5 Tscf recoverable resources in the Nomgon license area:
Assume all pilot wells are dewatered in the next 12-18 months and a minimum of 30% of the 14.5 Tscf is classified as reserves. That should be sufficient to cover the cost of a pipeline, therefore not likely to be stranded reserves. (based on a low gas sales price and 50% risk factor).
Following successful pilot well dewatering, in my opinion, expected price range once commerciality is declared could be 30c - 50c per share.
Possible sale valuation for Nomgon (in my opinion) might be $A 1 - $A 1.50 per share.
DYOR
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Last
6.9¢ |
Change
-0.001(1.43%) |
Mkt cap ! $97.83M |
Open | High | Low | Value | Volume |
7.0¢ | 7.0¢ | 6.8¢ | $86.34K | 1.252M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 17171 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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7.0¢ | 90004 | 2 |
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No. | Vol. | Price($) |
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1 | 17171 | 0.069 |
4 | 502182 | 0.068 |
4 | 891462 | 0.067 |
8 | 524307 | 0.066 |
8 | 416008 | 0.065 |
Price($) | Vol. | No. |
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0.070 | 90004 | 2 |
0.071 | 154999 | 1 |
0.072 | 218454 | 5 |
0.073 | 150000 | 1 |
0.074 | 203000 | 3 |
Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
7.0¢ |
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Change
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Open | High | Low | Volume | ||
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