going a lot higher than 8 cents in Jan which is a 240 million market cap when upside come Feb on a discovery already made and 90 percent geological success rate leading straight into production in March is $0.70 cents to $1.40 depending on appraisal which the team has already highlighted to be the largest in more than a decade.
Right now on the delayed appraisal fair value is 15-20 cents and that’s what it should be trading right now. Sorry but it’s rerating through all time highs.
Reminder oil spilled to surface on old well before well became unstable. New designer well hitting all 3 zones 388 million barrels of oil. Nothing moves from 8 cents to 70 cents in a day. It’s all priced in especially with success rate so high. Highest than any other oil and gas company on the asx in past 4 years
going a lot higher than 8 cents in Jan which is a 240 million...
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Last
2.5¢ |
Change
-0.001(3.85%) |
Mkt cap ! $84.25M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.6¢ | 2.5¢ | $4.699K | 187.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2524724 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 1022133 | 7 |
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| Last trade - 12.19pm 19/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |