RE: This is insane how undervalued it is18 Oct 2022 23:20
Time for AM to flex his deal making skills. Production will be going up. Year end target 3000 bopd?? If we buy out the hedge for $10M then 2500 bopd x$90 x 365 days revenue before cost is $225k per day; $6.7M a month or $82M per annum equivalent. The facility upgrade should add a further 1000 bopd to 3500bopd which is circa $10M a month.
Of course the JV is the elephant in the room.
Patience it's all coming together