It really could be anything if the wells are gushers once drilled. But until they are drilled, this wont move anywhere. Can easily be $100mil+ if the wells come up good.
Why will it?
Optimisation program was great to get current operating wells to capacity however, new cashflow avenues are needed from new wells which were not producing when the field was acquired. (I.e. we need to get drilling, finding new wells, maximising this field).
There have been presentations showing locations where a high probability of oil. Just drill them and find out!!
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Last
6.5¢ |
Change
-0.006(8.45%) |
Mkt cap ! $26.13M |
Open | High | Low | Value | Volume |
6.9¢ | 6.9¢ | 6.5¢ | $18.97K | 286.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 31250 | 6.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 1047 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 40409156 | 0.002 |
15 | 11398553 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 2915000 | 2 |
0.004 | 34531772 | 28 |
0.005 | 6804239 | 9 |
0.006 | 6490111 | 9 |
0.007 | 5650225 | 6 |
Last trade - 15.53pm 07/11/2024 (20 minute delay) ? |
BAS (ASX) Chart |