Current SP reveals quite a lot. End of year results will be published next month. Net cash position of $85 million as of Aug 2017. Generating $3.7 million per month net profit with average $28 per barrel export price. If we assume $50 average oil price since, we can guess a $5 million per month net profit. If we assume they haven't drilled anything (production has fallen), that is 8 months at $5 million including April 2017, producing a cash balance of $125 million.
Yes, there are many interesting articles. There isn't any evidence that the Khotins actually exist, or if they do, that they are anything other than employed stooges who act as cover for the real owner. Exillon management are interconnected to the those who hold the majors shareholding, some suggesting one of those in a senior position is actually the real major shareholder themselves. The fact that Urga bank holds all the companies cash and is in itself a fraud (owned by Khotin) , one has to… Read More
I can refer you to the Moscow Post. Open in google chrome so you can translate articles into English. It scans documents into articles demonstrating evidence for their claims. Interestingly, there is not a single picture of Khotin and nobody has ever met him. This is strange for one of the supposed richest men in Russia, many suggest he doesn't actually exist. His bank (which exillon holds its entire cash holdings) is in serious trouble , making catastrophic losses. The articles explain how the… Read More
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