The trading looks to me like a large holder has sold out and this is probably all that is causing this not to rally, possibly due to the recent cap raises but not sure.
But since the stock is going backwards, all sorts of question marks are coming out about the announcements.
Nothing has changed with the flow rate that we know of and to me it does not matter if the Texas well is flowing at 250 BOPD or 300 BOPD. The point is, that it was initially flowing at 331 BOPD which is outstanding.
Does anyone know what kind of decline rate is expected for the Allen Dome?
331 BOPD = $10.8m per annum at an oil price of $90
And that is just one (or two?) part of one well and the market cap is $20.7m
This is just in my opinion.
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.01M |
Open | High | Low | Value | Volume |
3.0¢ | 3.3¢ | 3.0¢ | $6.285K | 200.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 278617 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 31250 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 278617 | 0.030 |
3 | 108000 | 0.029 |
2 | 135714 | 0.028 |
6 | 238541 | 0.027 |
4 | 241475 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 31250 | 1 |
0.033 | 235193 | 3 |
0.035 | 71040 | 3 |
0.038 | 70390 | 4 |
0.039 | 15790 | 2 |
Last trade - 11.23am 15/07/2024 (20 minute delay) ? |
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