HOG hawkley oil and gas limited

I'm having trouble understanding the market at the moment....

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    I'm having trouble understanding the market at the moment. Actually most of the time to be honest.

    HOG has a well producing gas and an income of $3 mill a month.

    They did a CR at .37cents and are using the funds to drill another well. But the SP has been sold down from a high of 52 cents in Jan - where is the bottom?
 
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Currently unlisted public company.

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