Tapis was US$131 overnight, sure our Aussie can now get US$1.05, but the cheap drilling costs in L44/33 should mean even inconsistent volcanic fields will still be exploited.
Agree and like focus on the sandstone, but just like focus on production period.
The limits to the extent of the volcanic field may be less by gross measure, but each well seems so unpredictable and they should just go fot it.
It is not unreasonable that the downward revision could still be revised upward again. Especially with high POO which after the presence of oil is the game changer for marginal fields.
Tapis was US$131 overnight, sure our Aussie can now get US$1.05,...
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Last
16.5¢ |
Change
-0.020(10.8%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 16.0¢ | $3.525M | 20.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 441949 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 2048593 | 4 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |