RE: £15m valuation is just ridiculous13 Apr 2021 14:51
I have read recently that we produced around 30,000 barrels of oil in Q1. 120,000 barrels produced for the year @ $60/barrel = $7,200,000. MCAP = $21,300,000. This seems pretty undervalued on its own. And on top of that we have the drilling that could increase capacity by over 100%, as well as gas.