RE: Share holders6 May 2018 14:44
Philpot id say the underlying numbers wont show a profit as sone of income from AJE islikely not even distributed to the partners but reinvested into the ongoing capex costs- ie the CPRs (oil and gas), the workovers over AJE 5 etc.
For me its now the underlying value of our stake in AJE that results in us being hugely undervalued. The potential for AJE is enormous- just as the SIX fold increase in our 1p reserves recently relayed to the market- for some reason however it had no effect on the sp even with the 2 day late £51k (9million shares) trade- that I find odd- even though total buys far outweigh sells since then the sp has dropped. Couldnt honestly make it up.