RE: Barcharts 100% sell5 Dec 2022 07:58
Good morning Robert. Regarding negative drivel : let's have a think about production from the flagship HH gatwick gusher. BAck in 16/17 prior to turning the asset into a 'production site' - predictions by the company were very high. Right now they're around 60 barrels a day consistently over the last few years. Instead of knocking the 'negative drivel' maybe you could let us know what you think the future prospects for this asset are, what you're hoping for in terms of future production and the price progression on the back of that?
If production remains the same, the CEO's plan of using production to fund further asset development won't happen, cashflow will be negative and more funds will be required to continue operation. Just wonder when you think the revenue flow will change into positive cash flow. After all - brent is 86 bux, 36 bux a barrel more than the magic 50 bux a barrel the CEO wanted.