Sign up Australia
Proactive Investors - Run By Investors For Investors

Oil Basins, Thred and Covata top the ASX % Gainers intra-day

Oil Basins rides higher on better -than-anticipated gas potential.
Gain graph
Top 10 ASX % Gainers intra-day

Oil Basins Ltd (ASX:OBL) is the best performing stock on the ASX in midday trade, with the company jumping 100% to $0.006 on over 7 mln shares changing hands.

The positive re-rating comes after the completion of seismic reprocessing across Vic/P47.

Mapping and analysis of the reprocessed data has identified significantly larger Conventional Gas Potential than previously defined.

Vic/P47 is located within Australia’s premier oil and gas province, the offshore Gippsland Basin in Bass Strait.

Company Code Last Change Trades Volume
Oil Basins OBL $0.006 100% 22 7,331,691
Thred THD $0.008 33.33% 24 6,384,292
Covata CVT $0.053 26.19% 120 5,276,607
Axiom Mining AVQ $0.245 25.64% 361 7,113,534
Vita Group VTG $1.565 25.20% 1465 5,168,952
Merlin Diamonds MED $0.006 20% 3 390,000
Alara Resources AUQ $0.012 20% 1 11,700
Chapmans CHP $0.006 20% 1 166,666
Mec Resources MMR $0.033 17.86% 1 250
Wonhe Multimedia WMC $0.195 14.71% 1 2,600


View full OBL profile View Profile

Oil Basins Ltd Timeline

January 07 2015
September 16 2014

Related Articles

oil and gas operations
February 26 2018
"This fundraise will represent another major step forward for Chariot, and one which allows the company to participate in two giant-scale wells in this calendar year"
May 17 2018
Value creation may now be a slower burn, compared to high-impact drilling successes of recent years, nonetheless, the delivery of the Lancaster field’s early production system will be a major catalyst for the UK oiler that’s now worth close to £1bn
oil well
June 18 2018
A cash flow model - assuming one new IOsorb plant is added each year between 2019 and 2021 - gives a price target of 35p/share

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use