RE: Maybe..... Maybe.....28 Nov 2022 15:30
Adon just listened. Same excuses covid, supply chain issues and government owned rig company trotted out. However potential remains in Tunisia with only 1% extracted. We must by ripe for a takeover from somebody who is prepared to spend 50-100 million. Tunisia only has 6 drill rigs! Cash nearly equal to capex is a joke. I didnt hear buybacks mentioned but with £7 million in the bank they could buy 5%-10% of the company back without denting cash. Think they have 7% available to buyback.