I agree - with the current deal under final negotiation and the drilling of 5 big exploration wells before Canning the current share price has little downside risk.
With an industry exploration success average of 1 in 10 holders have a 50:50 chance of a big win but have a good prospect of being be able to cash in their shares for what they paid or more at the end of it.
They may not get all of Wandoo but whatever the get should be revalued at over $20 per barrel of reserves, in line with the industry average for Australian mid-tier oil co's.
I agree - with the current deal under final negotiation and the...
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $48.52M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $28.29K | 188.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 6878658 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1783220 | 24 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |