RE: Somethings Afoot6 Aug 2023 19:17
Many limitations when applying EV in this sector..
capital-intensive industries such as the oil and gas industry typically carry significant amounts of debt, which is used to foster growth. The debt could have been used to purchase a plant and equipment ect. As a result, the EV can be skewed when comparing companies across industries.
AGM highlights mentioned Further growth potential made from no less than 9 block 33rdRound SNS licence applications..
In regards to this IOG would have already had to supply details earlier this year of their production and investment plans and to look at how they might go further and faster wherever possible.
They look to be very confident in this at this stage given there infrastructure and experience of the known fields..
The debt really shouldn't be a problem in the grand scheme of things when you see the value of said asset's & infrastructure already Established.. Going into winter will see revenues virtually doubling and give enough securities for future proofing of other projects..
Expect lots of news to come in the next couple of months..