Was all the crap that they put out in their presentations just pure BS? The last chairmen's report said great things about growth opportunities and liquidity, and so did Tom Randell in his emails to several private investors, and now this?
The interims state ave price to mxp is $72.25 per barrel which equates to £44. Roughly works out to £80m per year. Then they have to service the debt and overheads. The.main problem however is the sentiment surrounding this company and the lack of a positive effect on the sp on any good news, its like the market knows that bad news is around the corner so won't let the price tick up. I've been here 2 years and although a lot of bad news there was also plenty of what I thought was positive news last year. IMO no value will be realised for shareholders. A change of most/all the bod would be the best thing for the company now.
There is no chance of sberbank letting them risk the company on the already failed deep drill..... Wake up the deeps are gone....... 5000 barrels per day x 1 year is 1825000. So in 5 years the 8mmbo of 2p reserves will be gone. I would of thought the market will price it in as they gradually get depleted. IMO
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