its because they were just doing seismic and analysis... people would rather invest in other things that actually make them money. Now they are looking to drill, which is the most important part, and everyone is coming back to see if they hit it big.they currently don't own any of it, "they have entered into" an agreement to acquire 25% if they pay 50% of the drill costs. Their other permits are just doing seismic at the moment. It is ~7TCF at p50, PEP-11 is about ~6TCF at p50. Therefore, according to that Advent is worth more. And BPH has underwritten Advent's offering and could go up to 50% of Advent see here: 50410586 so it requires a bit more research than that to compare them. The conclusion is, BPH is potentially better.
they currently don't own any of it, "they have entered into" an...
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $20.65M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.0¢ | 1.8¢ | $91.52K | 4.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1956600 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 1000000 | 1 |
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| Last trade - 15.48pm 28/06/2024 (20 minute delay) ? |
| BPH (ASX) Chart |