T,
Difficult to say. It will depend on two things:
The jv conditions and from this investors will gauge the value Apache (or whoever) have of the block. As an example for the area about to be drilled Apache will drill 2 wells and spend about $17million to obtain a 62.5% interest. It is a good deal for NXS and Apache must have rated it high.
In addition the fact that someone has jv'ed the area and therefore given the go ahead for drilling will impact on the share price.
The big mover for the sp will be the drilling to start next week.
G
announcement soon, page-3
Add NXS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $77.29M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.0¢ | 25.5¢ | $22.38K | 85.80K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7205 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 23809 | 1 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
|
|||||
|
Last
26.5¢ |
Change
-0.005 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 26.5¢ | 26.5¢ | 25.5¢ | 10484 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| NXS (ASX) Chart |