"1/4 report should read" Thank you again for our amazing salaries and we are looking at purchasing an profit earning asset. One will correct ... B'm ive lost mega trying to get excited about Nam ... Please don't go there ... TRP,SQZ,Chariot & this pile of mo ey grabbers. Sorry x
lack of interest from the market? that could be due to BOD being happy to collect their salaries and not doing enough to represent value. Personally excited by Nambia and can see this being drilled in 2018/2019 and can see other operators maybe drilling their in the next couple of years or so...
Good evaluation. You are not alone. A lot of oil companies have done this, treading water through the downturn. The POO will be higher by year end and there are a lot of cheap oil companies around that will benefit. Timing is everything and the Italian licences may be an important catalyst for GBP.
I'm invested but significantly down. Positives I see are:
1. No debt 2. Low shares in issue - approx 200m 3. Cash in the bank 4. Limited cash expenditure 5. Namibia exposure 6. And now hopefully good news flow with the Mediterranean exposure and a couple of giant targets
Last few years has been difficult but good times hopefully to come
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