Hmm 2 from 2 I'd say you will have complete capitulation of shorts , cappers and manipulators if the deeper part of VR1 comes in a success or even better still arbitration starts, or maybe a deal gets done.
That part of well COS is 30%
Market Capt 348 Million AUD
latest 2C nett to far is 96 mmbbls.
Their is upside to 96 million based on last well (s)
so even taking the measly 2.20USD per barrel and allowing for uplift in our share of 2C to be around 115 mmbls ( approx 20%)
using 1 AUD 0.74 USD you get 342 Million AUD MC.
Seems to me the the catalysts are now here and the upside approaches.
Lets see that shert squeeze!!, page-9
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Last
49.5¢ |
Change
0.005(1.02%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 49.0¢ | $4.017K | 8.162K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19637 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 10000 | 1 |
View Market Depth
| Last trade - 13.40pm 26/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |