Well they are drilling 4 - 5 wells this year any one of these wells could be a company maker on its own give the size of the structures they are drilling ... If the 1st well is a dud we may drop to 3.5c however it its a success and structure is filled to spill we will be talking of many multiples of current share price (think Hardman Resources type rise)... a Great risk reward scenario IMHO...
Generally Probability of a successful wildcat well is 20-25% ... So is is highly likely that 1 of the 4 or 5 wells will come in.
As Ive said before the risk with this stock is not having a position when results are announced. Personally I would not bet the house on this 1st well coming in but I would want a significant position to take advantage of the large gap up on a successful well.
Well they are drilling 4 - 5 wells this year any one of these...
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Last
49.5¢ |
Change
-0.003(0.50%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.3¢ | 49.5¢ | $74.71K | 149.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37432 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 202895 | 4 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |