What does it matter that their share price is the same as ours? To me this is opportunistic on our part in that its taking advantage of a multi-year low oil price.
I've been saying for a while that it would be good for a STO or someone to farm in, but.. then they hold all the cards. This way we're still in control, pick up another prospective asset OUTSIDE of Aus and particularly NSW and don't take on an enormous amount of near term risk.
Think people are overplaying the pessimism a little bit given the company we are. We're nothing. A bank account. Now we have something.
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Mkt cap ! $4.342M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $1.317K | 263.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 13004389 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 513939 | 2 |
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| MEL (ASX) Chart |
