You are a determined trasher of this company, I'll give you that. But resorting to plain lies is surely not acceptable. Look at the revenue generation capacity now, with plenty more exploratation upside, and anyone reading will realise that you are bending facts in an unacceptable, misleading, defamatory way. Stop, please. NUR-1 still has vast value, and the ability to transform. So the first drill attempt failed, but the reserves are all still there.
The elephant in the room is always going to be the 2P value. It doesn't matter how quickly they can pump the stuff out of the ground (as I know MavD will claim that "production is increasing so everything is rosy" etc) - the value of the oil we have barely covers the debt and company running costs. FACT. Sorry to **** on the bonfire folks but there it is...
It's a debt repayment company now....8 million in 2Ps is worth between $80-120 million. They have $90 million in debt plus costs to run the company. There is nothing left out of that....it's a worthless shell, there's nothing to turn around!
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