The OEL land is more in the oil zone than the 88E land which is in the gas/oil zone and as a result it is more likely to give excellent results. Based upon the icewine 1 interpretation, this should add at least 1 cent to the OEL share price.
I don't think that the punters have worked it out yet and those who have have been met by short term holders selling after the Acorn exit.
It would help us if OEL would put out an announcement to the effect that the neighbouring Icewine1 well has proven up a petroleum system which is likely to extend into our ground and give an update on our proposed activity.
In any event OEL is looking very strong with this and the GoM upcoming drilling activity. Anything under 6 cents is a bargain.
Cheers all,
The OEL land is more in the oil zone than the 88E land which is...
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Last
1.3¢ |
Change
0.001(4.17%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $11.13K | 877.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 7533795 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 11016129 | 18 |
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| Last trade - 14.45pm 03/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |