Reasons to be cheerful...21 Jan 2018 20:42
Copied from my good friend Hawkey over at Genel...
Reasons to be cheerful here at UEN
Only 9m Market cap - yes 9m
2,000 bopd daily production
140,000 USD per day income
Highest quality crude on the market - trades at a premium to brent
Own our own refinery
Almost no debt
Circa 3 months from another tanker shipment that should wipe out debtCurrently drilling 23m barrel prospect with a very high chance of success
Company throwing off cash (paid circa 5p dividend in the last 6 months)
mgmt committed to improving shareholder valuations and pro active engagement now in place
CPR imminent, likely increase in P2 reserves?
Own our own drilling rig
record daily trading volume this month
Up around 35% last 14 days.
Any more for any more?