I still reckon they need one more well based on 3D which should show in theory an optimal flow location before any of these 'other' funding options become available.
Its unknown if this project is even commercial without one flow test result so nobody is in reality fronting up cash in a gas industry that doesn't even exist yet.
Reckon the only 2 available options at the moment are a joint venture/farm out or a cap raise and that's pretty much the reality of the situation at the moment at the stage the project is in.
I still reckon they need one more well based on 3D which should...
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Last
6.0¢ |
Change
-0.003(4.76%) |
Mkt cap ! $85.07M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.3¢ | 5.9¢ | $204.0K | 3.364M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 390819 | 6.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.1¢ | 498697 | 4 |
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| Last trade - 15.34pm 05/06/2024 (20 minute delay) ? |
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Last
6.0¢ |
Change
-0.003 ( 3.23 %) |
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| Open | High | Low | Volume | ||
| 6.2¢ | 6.2¢ | 5.9¢ | 2404310 | ||
| Last updated 15.41pm 05/06/2024 ? | |||||
| IVZ (ASX) Chart |