RE: Profit17 Nov 2021 10:07
The fact is we have a 1,077 bbl./d production and a £41m mcap which is still way overpriced when compared to peers - see UJO, EDR, UOG etc. That's why its dropping - not because of de-ramping on this board! Potential and production facilities give this more value but the market doesn't price that in at the moment because O&G is not a favoured sector, even with the POO riding high. The potential needs to be converted into oil in the near term of this to get back to where it was, that requires a continual drilling programme adding incremental production which is a real possibility with the Barron Flats.