What You Need To Know About Strategic Energy Resources

  • Nov 30, 2018 AEDT
  • Team Kalkine
What You Need To Know About Strategic Energy Resources

On November 30, 2018, Strategic Energy Resources Limited (ASX: SER) published a press release which stated the company has obtained exploration licence applications in regard to Olympic Dam Copper-Gold Province. The press release also mentioned the license number which was ELA 2018/185 as well as ELA 2018/183. Let us study little about ELA 2018/185 Billa Kalina. It is an exploration licence application which targets coincident as well as would be useful in offsetting magnetic as well as gravity irregularities. Within ELA 2018/185 there happen to be two drill holes, and these have been done in 1977-78. 

As per the press release, the drilling in the history was unable to reach the basement as well as they were also unable to test the targets. The release also stated that the company (Strategic Energy Resources) is well-versed with the area which is related to ELA 2018/185. The staff of the company is already done with the ground gravity survey, and this was done in the year 2014. ELA 2018/185 happens to be in the competition in regard to another party as this another party had submitted the application on the same day which relates to around same area.

Let us now understand a little about ELA 2018/183. Within this, there happens to be one drill hole, and this was done by the company named CSR Limited in the year 1982. The press release stated that this is also competing. The application was submitted by the other two parties as well, and this submission was done on the same day. The company has also mentioned a cautionary statement in the press release which was issued. It stated that the company’s ELAs are competing and this might happen that Strategic Energy Resources does not get right to apply. Moreover, it also stated that ELAs happens to be only the applications and there is still a possibility for the non-grant of the licenses.

The market capitalization of Strategic Energy Resources Limited amounted to around $6.19 million (as on 30 November), and the stock price of the company is trading towards the lower range. In the past few months, the stock has provided positive returns. In the time span of three months, stock delivered 40% return while in the previous one month it has managed to deliver 75% return.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK