Profit is significant to a company like this. All the future revenue from shoats is based on an oil price of $40 a barrel. Rrr are now getting 25% more than they projected. When oil returns to $80 a barrel Rrr will be making a hell of a lot of money for a small company, even at $50 it will cover all corporate overheads. That is without Colombia revenue and promissory note.
Could you give us some actual revenue figures Oilriches to support your descriptionof "significant" please? The LM20 has been producing for a few months now so the revenue must be known. Presumably you know what that revenue is if you say it is significant.
Some bitter posters on here. How can the position in here be bad now? I feel for ppl that have lost out but Rrr are going to be turning a profit later this year and it never has before. If the oil price keeps rising the cash flow from shorts will be significant to rrr
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