You must believe that it contributes something otherwise you would not spend so much time talking down the prospects of this company.
The shareprice may not be moving yet, but the drill program ahead gives great scope for appreciation in the near term. Have a look at today's presentation slides, specifically the new slide featuring drill locations. Note that from the lateral well area there is a dotted red line heading to casino, which I assume indicates a proposed pipeline. If the same rig is used for the laterals and conventional well, then the laterals will all be done by April/May which would indicate that commercial sales will follow very shortly afterwards. Remember how the SP moved for Kingfisher, a solid discovery, but not a well that I would call a complete success. If they get it completely right this time, and let's face it they've had 18 months plus, then I can't imagine 20c will ever be seen again.
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Last
0.4¢ |
Change
0.001(14.3%) |
Mkt cap ! $5.790M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $754 | 188.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 12765502 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 14531096 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 12765502 | 0.003 |
12 | 31475499 | 0.002 |
6 | 59703690 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 14531096 | 12 |
0.005 | 5954721 | 6 |
0.007 | 100002 | 1 |
0.009 | 80000 | 1 |
0.010 | 1000000 | 1 |
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