10 bagger29 May 2025 09:10
It has a bank valuation of its assets at £10m - and that was before the workovers, and increases in production to a now profitable company. Below we have a washed up, disgruntled ex investor with bitter memories of the past if ever I saw one - who cares what the previous BoD did - this is now a clean sweep, with a BoD that have made significant and meaningful progress, assets showing no sign of production decline that are profitable above $20 a barrel, and a partner willing to continue investing to exploit the much larger basin we have in play here. The valuation disconnect here is obscene, and I look forward to making a nice profit on my trades here over the remainder of 2025.