Posted by tweetypie...
The evidence we already have on this specific drill is the quality of the partner on the drill ie; a big successful & experienced partner, namely Beach Petroleum, who certainly would not be involved in this drill if there wasn't a better than average potential of a commercial find imo!
===========================================================
LOL this is a new form of optimism, BPT is a quality partner and they wouldnt be involved if better than average success rate. Ok so i assume by this that everything BPT touches turns to gold and that they are the lord and master of the oil/gas industry.
One has to ask the question, why arent BPT funding the drill themselves? why are there so many farm-in partners, if they are so confident why dont they just buy them out...i mean its a better than average chance? And why is BUY taking the risk for only 20%?
Hmmm maybe its not such a sure thing, Not everything is that simple im afraid.
- Forums
- ASX - By Stock
- BUY
- wakefield 1 well - spud ...
wakefield 1 well - spud ..., page-32
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BUY (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.994M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2211088 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 5432067 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2211088 | 0.004 |
26 | 15544288 | 0.003 |
13 | 14463777 | 0.002 |
8 | 9977480 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5432067 | 9 |
0.006 | 2752871 | 6 |
0.007 | 2939999 | 5 |
0.008 | 1800000 | 3 |
0.009 | 1371971 | 4 |
Last trade - 10.00am 22/07/2024 (20 minute delay) ? |
Featured News
BUY (ASX) Chart |
Day chart unavailable