Hang in there Sushi, things are just about to get interesting.
The market has being saying through the share price, that the Perth Basin was clapped out. They had a point until the recently successful 5 development wells which prove it will be a cash cow for some time yet.
Now a huge exploration program is just starting. Any success will see the exploration premium go back into the price 20to 30c plus the value of the strike, IMHO.
This month will see a significant Perth Basin exploration well plus the start of Sugarloaf testing. That's potentially worth a $1 on success.
Then it ramps up sharply from there, Yemen, Perth Basin onshore and offshore flowing into the Canning, all within 4 months. Crazy to sell until after June in my opinion!
Hang in there Sushi, things are just about to get...
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $45.32M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.3¢ | 14.5¢ | $8.489K | 56.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 795255 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 112274 | 3 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |