If it is likely to succeed though, why so few shares traded?I...

If it is likely to succeed though, why so few shares traded?


I think one of reasons is that there is only 80+ milion shares on issue, nobody really knows about them. And they aren't trying to be world beaters.....a good well at shocking-1 will mean 26c or so....that isn't enough for some people who want 100% or 1000% from an oil an and gas strike.

To me getting money through the door early means less capital raising and increased share price.

A modest flow rate could be worth 6m a year, the company is only worth 15m! Get a couple of wells like that and if they don't need to raise cash and keep the number of share down you could easily see $1 in a few years. Not bad for a 20c stock....but it wont be instantly.