Hi Red Monaro
Thanks for the support, good to see someone else taking an interest in this one --- any more out there?
Yep this stock seems to be the perennial wallflower, but once production starts sometimes soon there won’t be any holding this one back.
With oil above $60 currently, this is a very good short term play, production to start later this year and drilling for the Calauit oil also this year.
As they reckon, they might be able to extract perhaps up to 12mbbo from this field alone, OEL 65%, there is going to be fantastic cashflow for OEL.
Oil would have to dip below $40 for Calauit to become uneconomical!
According to their Matrix, based on 6.6mmbo (4.3mmbo to OEL):
NET CASH FLOW
US$50 Brent US$ 74 m US$ 48 m
US$60 Brent US$120 m US$ 78 m
US$70 Brent US$167 m US$108 m
If they are able to extract somewhere in the vicinity of 12mmbo you might double these figures.
The mind boggles looking at market cap and the sellers lining up………………
Hi Red MonaroThanks for the support, good to see someone else...
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $1.008K | 81.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 12988139 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 16693757 | 21 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| OEL (ASX) Chart |