If you look at the ARQ Good Oil presentation on their web site, ARQ shows the Jingemia prospect as being a part of a much larger prospect primarily in their acreage. This may better explain the recent surge, as the reserves estimates were within the expected range.
Certainly Hovea will fill them with cash which is exciting enough, but Jingemia must be getting them very excited. They also show plans for more exploration drilling after Hovea 4.
Jingemia
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Last
41.5¢ |
Change
0.005(1.22%) |
Mkt cap ! $50.68M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 41.5¢ | 38.5¢ | $74.99K | 186.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 84100 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 3728 | 1 |
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| Last trade - 16.10pm 15/11/2019 (20 minute delay) ? |
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Last
40.0¢ |
Change
0.005 ( 1.23 %) |
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| Open | High | Low | Volume | ||
| 40.0¢ | 40.5¢ | 39.0¢ | 35850 | ||
| Last updated 15.25pm 15/11/2019 (live) ? | |||||
| ARQ (ASX) Chart |