Looks like ARQ will be drilling 5 exploration, as well as a few Eremia Appraisal wells this year.
This means we'll know this year if L1 and L2 holds 20 - 50 - 100 MMBLS!
(50MMBLS * ((( US$20/BBL - US$5 ) / 0.6) * 0.667) * 50%) / 180M shares = $2.30 a share
Market will probably only go 2/3rds of that , so $1.50 - $1.80.
Not bad for a spec oiler.
5 exploration wells this year
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $53.86M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 16.0¢ | $63.09K | 394.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16250 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 132883 | 6 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
16.0¢ |
Change
-0.005 ( 3.03 %) |
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| Open | High | Low | Volume | ||
| 16.0¢ | 16.0¢ | 16.0¢ | 73750 | ||
| Last updated 13.02pm 07/06/2024 ? | |||||
| 5GN (ASX) Chart |