evening all9 Nov 2021 23:19
Good news we managed to increase production or at least bring it back to where we was end of 2020 start of 2021.
As for the rest of the RNS is was just filler busting again without a time line. I posted a couple of weeks ago what we needed. I suppose we got some updates with details and a mention of wells with increased WI. (Spooky)
I see we have now dropped "cash flow positive" for "free cash flow".
Best bit and fissed myself laughing was "change from half-yearly to quarterly production reporting going forward"
I can remember the RNS stating the reason to change from quarterly production reporting to half yearly.
From my simple math we have only increased production by 28% not 53% from start of year. As at the start of year we had 100bopd, then lost a few barrels to issues.
We all worked out revenue around $2.3m for 2021 back in Jan and I didn't expect that to be it. Was really expecting more revenue from C2 and any other wells we should and could have drilled and turned into revenue. Looks like market expected the same as us as RNS was another damp squib.
Silly thing is we already knew we had 128bopd or at least 120bopd plus as it was hinted at back on 05/10/21 as said poster couldn't help themselves letting it out trying to look credible.
PS at this stage don't care what and much contempt is shown by BOD's to investors as long as they get share price back to 3p.