RE: Shorts16 Jun 2020 13:44
easyp - not even 7p. Cash in bank greater than the current market cap. The production from the single well is 12,000 barrels and they are still tweaking with the choke on that well to find the optimum extraction level - we are acutely aware that the well could get close to 15,000 barrel. The Edison report suggested 14,000.
Then you have the 2nd well and I think that the engineers will be looking at that to see if a pump will address the water issues.
Undervalued in my book and hence I am a bull at these levels.