Freedom of speech is a wonderful thing.....I can even predict this company will never make a profit, hopefully shareholders can though by buying and selling at the right time, like I did twice....
There's no profit there unless you can extract the oil at no cost.....once you factor in the cost per barrel to lift the oil.....you're into loss making territory....you'll be lucky to make $10 a barrel profit....
So they're going to spend $35m to achieve $50m revenue, not profit, surely this is a case of turnover vanity ?....massive borrowing, massive dilution....no profit....at least the directors get paid eh ? Sorry, i'm out; made a few quid though.
It's like Dragons Den.....you won't get investment until you've got a product....prove up the reserves and they'll be queuing round the block (nice pun)
Chartering planes and spending 7 days in a hotel is ludicrous......a test the night before or even on mobilisation day itself, with results within the hour would suffice....you can actually socially distance onboard quite easily too believe it or not....this company just likes spending money before it's made any.....{eyes rolling}