I read this as positive, its clear and again, oil up 20% from the current figures.
The Company believes that net free cash provides a useful measure of liquidity after settling all its immediate creditors and accruals and recovering amounts due and accrued from joint operation activities, outstanding amounts from crude oil sales and after settling any other financial trade payables or receivables. It should be noted that the net free cash is calculated as at the balance sheet date and does not take into account future liabilities that the Company is already committed to. As such, not all of the net free cash would be available for repayment of the Convertible Bonds at their maturity in July 2022.
Capdailbrit, don't be so negative, it has tripled in the last month, now sp is steady waiting for news from the new board, we still don't know the situation yet, so be patient. What's another week or 2, when it's been months and months of desimation?
To all those who guided the likes of me through this turmoil. We don't normally take advice on here, we have to think and decide for ourselves. In this unique instance we had to show solidarity. You can usually tell who are genuine and who are not and we have been lead to a gallant victory.The battle is finally won, and I thank you.
The right place for Hurricane? We don't have to worry ourselves with other companies now do we? CA have their plate full yes, but is any of it related to Hurricane?
Are precedings likely to end,? will judge call it today or do we wait another night/day do you think. It's open and shut to me so rip the plaster off sooner rather than later.
Yes, but it's no good if production drops, if Hurr manages 11k barrels per day, great, but they are suggesting a decline, intentionally I believe, to keep cash as low as possible. Should be raking it in, but they're not.