What does OUTB mean in NASDAQ SYMBOLS

Outback Oil & Mineral Exploration Corporation (OUTB) is a publicly traded company engaged in the exploration and development of oil and mineral resources, primarily in Australia and other regions worldwide. The company focuses on identifying and acquiring prospective exploration licenses, conducting exploration activities, and evaluating the commercial viability of discovered resources.

OUTB's operations are primarily concentrated in Australia, with a specific focus on the Cooper Basin and Canning Basin regions. The company also holds exploration licenses in other countries, including the United States, Canada, and Namibia.

OUTB's exploration activities target a range of resources, primarily focusing on oil and gas. The company also explores for mineral resources, including gold, copper, and uranium.

OUTB's exploration strategy involves acquiring exploration licenses in areas with promising geologic potential. The company utilizes a combination of geological, geophysical, and geochemical techniques to identify and evaluate potential resource-bearing zones. OUTB also conducts drilling programs to confirm the presence and extent of discovered resources.

OUTB's financial performance is primarily driven by the success of its exploration activities and the commercialization of discovered resources. The company's revenue is generated from the sale of oil and gas, as well as royalties and other income from its mineral exploration projects. OUTB's financial performance is typically reported in its quarterly and annual financial statements, which are publicly available.