RE: Trading numbers22 Apr 2025 12:21
Paul Welch. Can you explain why the SP is so low please. It was twice this just a couple of months ago.
Where is the update on this?
"I am pleased to announce that we have successfully completed a further Β£500,000 fundraise for the progression of our major operational program at the Pine Mills licence in East Texas. With three of the five workovers now completed, and production currently averaging ca.90 bopd over the last 5 days, this additional raise will enable us to finish the workover program, with production anticipated to reach ca. 110 bopd once this is done. Pine Mills continues to be a high-margin asset with considerable organic growth potential and today's funding news enables us to realise further value from the acreage.
Get something done for us who pay for you for once.