RE: 4th Quarter Update5 Feb 2022 16:04
Debt is only 30m they can easily add 100m and add further 10kbopd.
Then we looking even better.
Currently i think they should be valued at 30p
Surge bought 20kboepd for 160m back in aug and took on 150m debt. There mkt cap is 600m..
Goes to show how undervalued i3e especially our current debt level. Yes i know surge had 90% oil production.