Okay, the facts are these:
we have divested ourselves of SC54A and others for 3mil;
we are on the cusp of doubling (or more) our oil production via Galoc II;
we are just about to drill multiple wells in Indonesia (albeit at 10% farm-in);
we are (apparently) still on track to drill SC63 in the first half of 2014;
we have received reserves certification regarding WLA on similar terms to Galoc (operating for over 6 years now); and
Galoc Nth is still apparently a drill target.
Excuse me, but am I missing something?
How the hell is the sp at 3.6c? The way it is looking at present, we will be lucky to see a 0.002 to 0.003c increase to the sp when Galoc II flows. That my friends simply does not make sense.
I understand that some link the current sp to the ambiguity regarding SC63 and the costs associated with going it alone BUT the above facts do not fit with the current sp. There is zero interest in the stock at the moment and who in their right mind would be offloading 1.1m shares at 3.8c?
In the famous words of Rory Breaker, will someone please enlighten me?
Just sayin'
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85.0¢ |
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Mkt cap ! $193.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 27889 | 83.5¢ |
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Price($) | Vol. | No. |
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88.0¢ | 4030 | 1 |
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No. | Vol. | Price($) |
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3 | 27889 | 0.835 |
1 | 605 | 0.830 |
2 | 8600 | 0.820 |
1 | 12269 | 0.815 |
1 | 7700 | 0.805 |
Price($) | Vol. | No. |
---|---|---|
0.880 | 11235 | 1 |
0.885 | 2424 | 1 |
0.900 | 15000 | 1 |
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0.970 | 10000 | 1 |
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