@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
6.0¢ |
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Mkt cap ! $85.07M |
Open | High | Low | Value | Volume |
6.0¢ | 6.2¢ | 6.0¢ | $86.71K | 1.431M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 120076 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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6.1¢ | 13186 | 2 |
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No. | Vol. | Price($) |
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4 | 182626 | 0.059 |
4 | 249000 | 0.058 |
4 | 438604 | 0.057 |
4 | 655585 | 0.056 |
5 | 393586 | 0.055 |
Price($) | Vol. | No. |
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0.060 | 2429 | 1 |
0.061 | 81286 | 3 |
0.062 | 14762 | 2 |
0.063 | 26981 | 2 |
0.067 | 44226 | 1 |
Last trade - 14.03pm 06/06/2024 (20 minute delay) ? |
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