RE: Still Here & Looking to Positive News29 Jan 2025 19:23
Hamm, i think Thornogson has valid point, if we cannot get loan of some sort and no DQE or other deal a placing (big or small) is our only option though we could probably fix/get H1 running on all cylinders in spring with money in hand (no placing), remember H1 revenue by end of March post costs will be circa 1.4 million, enough for H1 plus a bit spare but not enough for new wells to be drilled, that spare might just be enough for H2 remedial works as well.
Also consider.
1: Loan has to be repaid and reflects on end of year accounts.
2: DQE deal means more oil but at less profit for us.
3: Placing = more shares yes but also more production.
But lets be realistic, we have no debt and money is easily come by.