RE: Narrowing spread29 Apr 2022 17:04
So if our next two fully funded sidetracks flow 500bopd in total and no gas we would be looking at an extra $18 million per year revenue @ 100 dollar brent. Plus our existing production and the value of our assets and reserves then surely we must be looking at 10p sp (60 million market cap) and yet we still have the dribble of sells!!! We could be 2 sidetracks away from a potential 7 bagger (on a conservative success rate) bring on the spud and let's get the oil flowing. This current sp is absolutely ridiculous for what we are producing NOW let alone the potential. The next 6 months are going to be massive at Block energy!