That’s why you have posters keep saying March I’ll buy in hahah. A conservative appraisal of 120 million barrels of oil. You have a further 1.8 billion barrels of oil that MAY own in the area.
A reminder WGO appraised 32 million barrels of oil in October and now a 400 million market cap. Put it into consideration by March share price will be close to 800 million cap (20-25 cents) and on appraisal you are looking at 1.5-2 billion dollar market cap (50-70 cents)
We are currently at a 170 million market cap (5 cents) nothing goes up in a straight line hence the next days and weeks this is running aggressively.
22 cents all time high on well discovery 12 months ago and appraisal would have sent this running beyond but damage to the well halted the move up. We are here 12 months later and we are in the rerate
May Chart, page-3875
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.1¢ | $444.7K | 19.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2048367 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1402823 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |