Yes it is true they will not need such a specialized rig as GDY. So if the cost of a conventional rig is more like, say $20m and it costs $10 million to drill a hole like this, it doesnt sound like you would need to drill too many for it to pay for itself. I'm no expert on the drilling business however - perhaps the main cost drivers are outside the capex? What is the good reason and is it still relevant in the current environment of extremely high demand for rigs?
Yes it is true they will not need such a specialized rig as GDY....
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29.0¢ |
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Mkt cap ! $100.2M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.0¢ | 28.5¢ | $109.2K | 373.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1835 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 3502 | 1 |
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| Last trade - 15.59pm 20/06/2025 (20 minute delay) ? |
| PTR (ASX) Chart |