RE: May 2023 average gross production:1,330 Bbl./d13 Jun 2023 09:18
It does make one wonder if the JV is going ahead with the time lapse, coupled with the crazy 1000-1 consolidation. Never mind a transfer to the USA (albeit that seems an almost sensible option).
So will he need to money raise due to the JV falling through to proceed in the near future? Ors the 1000-1 consolidation a threat to the JV company that he can continue alone for a while and look for other suitors?
The unknown and uncertainty is causing the drop, no clarity and the market doesn't like it, neither do I !!!
However, what is known production will increase, pipe laying is ongoing and we seem to believe there is loads of oil, so w hang on with nails bitten to the core, for a turnaround and good news in the near future.
But Art could help by doing an interview - no hang on that wouldn't help, his daughter doing an interview. Well someone giving us some positivity.