RE: One year on....3 Jan 2022 14:31
The market knows this is heavily discounted as has lost 60-70% of its value since relisting. Plenty of money is sat on the sides watching this one. Game changing potential is what is on offer here this New Year. We have £10M cash mininum and are owed $5M. Production is the holy grail and we're producing 1600 bopd minimum and forecast to hit 3,500 bopd without CUDA and are valued at £26.5M with debt. This excludes our deep well targetted reservoir and Cole creek and the ofc the elephant in the room ( Nigeria).
This is an interesting stock to say to the least especiallu when so many of its peers have rallied and this has plummeted. At a near 20% discount to the heavily discounted placing price this does offer opportunity but each to their own