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
Hi Damianwrx, take your point that it could be a duster and the...
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Last
1.2¢ |
Change
0.000(0.00%) |
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 |
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| Last trade - 10.06am 19/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |