Well at last we are seeing some common sense from the Government.
PEP11 has been a drain on investor's funds for how many years now? $25m dropped into a dry well in 2010 and nothing done with it for 10 years.
No doubt the legals and bitchfighting did nothing to assuage the Government that this was a credible proposition.
At least this will help save any more bunnies in the headlights from thinking that PEP 11 had a chance of being drilled yet alone producing commercial volumes of gas.
If there is anything there, I would expect a credible large oil and gas company will apply for the lease and, being able to prove its capacity to fund, may get it!
Sanity prevails
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Last
2.4¢ |
Change
-0.003(11.1%) |
Mkt cap ! $26.34M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 3.0¢ | 2.4¢ | $545.4K | 20.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 303224 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 1060718 | 3 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
2.4¢ |
Change
-0.003 ( 7.34 %) |
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| Open | High | Low | Volume | ||
| 2.9¢ | 3.0¢ | 2.4¢ | 18889514 | ||
| Last updated 15.56pm 03/05/2024 ? | |||||
| BPH (ASX) Chart |