Share buy back is not big issue at this stage. The status of CE1 should be:
- Significant capital expenditure for 5 new wells in Sep, Oct and Nov.
- Cash inflow is slowing down due to low price of oil (below $95 which management team expects)
When the price of oil is above $95, the cash flow will be enough for share buy back. Today, oil price is $93, I think it will be up to $110 in the next coming months.
Go CE1!
Share buy back is not big issue at this stage. The status of CE1...
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.067M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $54.47K | 6.440M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 14015506 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 2562946 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |