ARQ 2.78% 37.0¢ arq group limited

5 exploration wells this year

  1. 7,063 Posts.
    Looks like ARQ will be drilling 5 exploration, as well as a few Eremia Appraisal wells this year.

    This means we'll know this year if L1 and L2 holds 20 - 50 - 100 MMBLS!

    (50MMBLS * ((( US$20/BBL - US$5 ) / 0.6) * 0.667) * 50%) / 180M shares = $2.30 a share

    Market will probably only go 2/3rds of that , so $1.50 - $1.80.

    Not bad for a spec oiler.
 
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Last
37.0¢
Change
0.010(2.78%)
Mkt cap ! $45.18M
Open High Low Value Volume
36.0¢ 37.0¢ 35.5¢ $32.80K 90.72K

Buyers (Bids)

No. Vol. Price($)
2 8616 35.5¢
 

Sellers (Offers)

Price($) Vol. No.
37.0¢ 2147 1
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Last trade - 16.10pm 21/01/2020 (20 minute delay) ?
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Last
36.0¢
  Change
0.010 ( 1.41 %)
Open High Low Volume
36.0¢ 36.0¢ 35.5¢ 12723
Last updated 12.00pm 21/01/2020 (live) ?
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