RE: Next week14 Dec 2021 12:56
Our revenue is nearly a million pounds per quarter!!
Throughout the year we didn’t pay salaries in cash and paid in shares instead.
So how on earth we will be needed cash for our routine works?
For the wells we are fully funded and don’t need anymore cash.
Even we stop spudding and just depend on what we are producing,still we will be surviving and sp will be stable as we are producing for 4mil a year!!
6mil mcap for company with revenues of 4mil is not right!!
There is a gap in sp from 1.95-2.25,if we get couple of hundred barrels from this new well then the gap might close……..
Fingers crossed.
Hoping for a top up before results of this drilling.