Standard in the US. Lease the acreage (3 to 5 year term), drill it (one well in each unit) then you own it...
In the interim there is a liquid market in trading the leases. Hence comments from the MD re acreage values going from $1k to $16k in 12 months.
GLTAH
Standard in the US. Lease the acreage (3 to 5 year term), drill...
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $54.79M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $225.9K | 19.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 61 | 32306174 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 2314833 | 1 |
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| Last trade - 15.35pm 19/06/2024 (20 minute delay) ? |
| BRK (ASX) Chart |