I completely agree with you Domum. Expectations need to be kept in check. That said, 2 billion potentially recoverable is still a "monster" in my book. The other wet cloth factor is that we are just talking about "Prospective Resources" and at today's POO, I just can't see the market giving a market valuation much more than $0.20 to $0.50 per bbl.
After 2H is completed and we have a better idea on potential flow rates etc we will have more of a basis for a bigger valuation.
I completely agree with you Domum. Expectations need to be kept...
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $35.5K | 13.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 99 | 151339870 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 626493747 | 166 |
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| Last trade - 13.49pm 09/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |