2021 trading15 Mar 2021 09:23
Wow this is such a no brainer based on lowest year ever the fundamentals are
· Turnover of approximately US$28 million, a reduction of 32% year on year driven primarily by average oil price realisations falling 33% to US$37 per barrel
· Average net Group production up 12% year on year to over 2,700 boepd
Point being here $28m @ 37 pb on 2700 boepd is now more like say $60 let call it 60% higher so 28m becomes 44m and that's assuming production remained 2700 which it won't everything points to over 3000 at least v mcap 50m ?
Seriously happy to buy buy buy hold GLA ;)