RE: Let's see some action5 Sep 2018 15:59
I can't cope with another year holding mxo. Please no.....
Toold, I am vague on the 2017 accounts, it has been some time since I had a proper look. But net income from the jv was positive 1.7 million. The loss was due to the horrendous admin expenses and finance charges. My understanding is that the admin expenses probably have the legal fees for fitting our jv partner. Of these are Brough under control during 2018 then I see every chance of a profit in 18. I think salaries and rent and legal fees etc will come in under a million. With the soaring price of oil and increased flow rates over last year I am hoping for a profit fot the first half of 2018.