Im aware something isnt right as there is no way the market can ignore something like this for so long if it was just a simple production path
It might be flow rate problems
It might be the Cap Ex of $367M
This from the last presentation
"NPV, 90 $/bbl ADX mean Scenario
•Contractor NPV 1406 MM$
•Total CAPEX 367 MM$
•Reserves 226mmbbl
•Production 2017-2037
•PSC 40% cost oil
•Oil price: 90 US$/bbl 2014
•Inflation 2.5% p.a"
But with such a large NPV of around $1.4Billion
So yeah confused
But the chart is looking good at least and stock looks to have made a breakout recently
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Last
9.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.87M | |||
| Open | High | Low | Value | Volume |
| 9.7¢ | 10.0¢ | 9.7¢ | $16.42K | 168.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24125 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 151227 | 2 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| ADX (ASX) Chart |
