Here is my 2c worth:
- will the announcement of the definate farmin affect the share price. Maybe a little, but after all it is not suprise, many people probably have already factored this into the S.P.
- OEL has 33m cash on hand, yes, but Galoc is being shut for 3 months, and they have a lot of cost with various seismics. I think this figure might be reduced after 6 months. The real benefit from Galoc will be evident after 2013 if they choose to drill the additional wells.
- unless BHP announces a 2 well drilling program before they drill the first well or they perhaps accounce a drilling program for the Lampos structures the share price might come down considerably if the first well in sc55 is a duster.
Here is my 2c worth:- will the announcement of the definate...
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Last
1.3¢ |
Change
0.002(18.2%) |
Mkt cap ! $59.93M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $1.749K | 143.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 657928 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 2255921 | 6 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| OEL (ASX) Chart |