RE: Texas Oil Boom in H2 202328 Dec 2023 08:59
December production will give an idea of how fast production is declining. How far into double figures would be my concern... The statement below indicates that further funding is going to be required in the short term:
'The board takes this opportunity to thank shareholders, old and new, its management, consultants, and advisers for their continued support and if the current oil price environment holds up this year it and allows the Company to move towards it aims of being a positive cashflow oil developer and producer.'