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0.4¢ australian oil company limited.

Reality Check, page-7

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lion64

978 Posts.

359

03/01/22

13:02

Post #: 58613210
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Originally posted by longreach: ↑

Seems you have a poor memory. You posted the following related to OEL August 2021:
"OEL has no future upside potential, which is what 88E and PANR has. Yes OEL has FCF but the market knows this and has priced it in. To get back to an MC over 100 million OEL needs to become an oil and gas operator and find potential large oil and gas reserves. Case in point: SGC. A month ago SGC acquired the NDO assets in the Philippines. SC 58 is still an exploration block but has the potential to be another Malampaya. SC 54A is a discovery and flowed some during EWT several years ago (and has other prospects to boot). And some people say that West Linapacan may contain 20 to 50 million barrels. All 3 are still waiting to be developed but the market has taken notice. Prior to July the shares of SGC where languishing. After the acquisition, SGC share price went from 3 cents to nearly 6. It has since retraced back to 4.7. The point is: SGC knew that the NDO acquisition will give some excitement about its future potential for finding an "elephant". This is what OEL has lacked and continues to lack. The FCF pays for wages and lifestyle, nothing more. They haven't got a clue or are not motivated to get in on something big and risky, but exciting. Without a change of management, this stock is doomed to remain at these levels."

Before:SC 58 is still an exploration block but has the potential to be another Malampaya.
Now: SC 58 is a Deepwater dud

Maybe you need a reality check?

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Thanks Longreach and Happy New Year.

Seems like another rampers credibility has just been shot down in flames!

Cheers
Lion

SGC Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $3.778M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$1.5K	375K

Buyers (Bids)

No.	Vol.	Price($)
13	20437478	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	5999562	6

View Market Depth

No.	Vol.	Price($)
12	19757478	0.003
6	5083666	0.002
4	51800500	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	5999562	6
0.005	4300000	4
0.006	7077961	7
0.007	4301142	3
0.008	5000000	1

Last trade - 13.58pm 13/09/2024 (20 minute delay)

AOK (ASX) Chart

Reality Check, page-7

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

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Reality Check, page-7

Top Stories

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Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News