Agreed….rather see oil first than gas…the gas can wait….infrastructure costs for gas far higher than oil. I'm just wondering what the current price would be for a deep-water oil drill - notwithstanding they don't have to drill too awfully deep beyond the seabed…..I'm guessing $70 - 80 mil tops….OEL with $24 mil+ ( I suspect they can sweeten that deal a little)…and the data…can certainly maintain a 40% entitlement on the project…..Screaming buy….SC55 looking far more certain….EA with some interesting targets…and more work to do in the Philippines when they are in the mood…..
sc55 farmout flyer, page-14
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1.2¢ |
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Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 18351847 | 15 |
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| OEL (ASX) Chart |