Hi Damianwrx,
take your point that it could be a duster and the sp will fall back,but wont it only fall back to where it is about now ?
OELs cash position regardless of a duster will be relatively unaffected.
BHP imo are very likely to drill a second well so theres a second chance unlike Shell and NDO.
OEL has now 33% of Galoc ,about 40% more revenue than NDO,
so even if Cinco is a duster the SP will probably be about where it is now maybe higher.
My stratergy if i dont get greedy :-) will be to sell off a few OELs b4 Cinco reaches total depth if the SP gets up around 20c ,and if it turns out to be a duster and a second well is to be drilled and the sp pulls back to current levels i'll load up again with twice as many.
Cheers
C
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Mkt cap ! $57.54M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $5.9K | 491.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 12272711 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 4964014 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 12272711 | 0.011 |
4 | 2258780 | 0.010 |
1 | 100000 | 0.009 |
2 | 245123 | 0.008 |
7 | 1836283 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 1414320 | 4 |
0.013 | 13558765 | 18 |
0.014 | 5599735 | 10 |
0.015 | 4759572 | 8 |
0.016 | 248004 | 2 |
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