SOL 1 Results to be announced soon. If completely dry then I think this would have been sowned into RNS. Have a feeling that maybe they have encountered oil shows but not in the commercial amounts hoped for. Once the rig demobilised & moved back to indico pad the testing can begin. Fingers x
Seems to be holding its price no thanks to falling Brent crude. Pad 3N had some good success with drills so fingers crossed this could be reason behind the extra 500bpd through OBA.
Plantillo 26 is being drilled from pad 3N where Amer had success from drills 7 & 17 back in 2013/14. Drilling from the pad to total depth would surely be completed. Could be holding back results while casing& testing completed. But the longer the silence the more I fear it's a no show. Work from the pad would explain drop in OBA thoughts? Cheers.
Without doubt I think they have an excellent array of products that will see profitability. The question I ask myself before committing is when? & Is this the bottom before a gradual rise in SP?
Cash 11.9million at interim results. With R&D burning roughly about 6million per year. Next set of results hopefully should show at least 6million left in cash to take the company through 2020.
Final results expected beginning of June which should show improved revenues H1 2019.With the recent contract announced & cash at hand I believe this should have no trouble reaching 7/8p.