Reminder...15 Sep 2022 16:50
from RNS 13th Sept... No debt and so much money we can lend some out!
Absolutely nothing to justify this drop imho.
"Our working capital position remains robust and continues to grow with cash balances, receivables and liquid investments standing at approximately £10,500,000 as at 6 September 2022, with steady improvement expected by the end of this year, given current oil prices.
"This strong position, combined with being debt free, allows us to confirm we are covered for G&A, OPEX and CAPEX costs that are contracted or planned for at least the next 12 months, including the cost of any development and drilling activities that are currently under consideration during 2022/2023 at the Wressle, West Newton, Keddington and Biscathorpe projects.