RE: which box should I tick?20 Mar 2022 13:50
SS wrote in the last accounts dated 15 April 2021:
'Finally, with the prospect of stable profitable production from Horse Hill, exciting new drilling in Turkey and a return to pre-Covid oil price levels, I now look forward with confidence to a more settled financial picture for the Company as we do everything in our control to bring more value to our shareholders. Our planned activities as well as our continued search for further ‘quality’ international production opportunities ''
So how did that go?
Stable profitable production from Horse Hill - no, production kept declining.
Exciting new drilling in Turkey - turned into a damp squib.
Return to pre-Covid oil price levels - yes, but still not enough oil produced to make much of an impact.
More settled financial picture for the Company - large placing within 3 months; share price down 60% since 15 April 2021 price of 0.3p.
Search for further ‘quality’ international production opportunities - no progress reported.
The tone of last year's outlook was promising... But the outlook was not delivered on. ocelot may want to focus on the future; others might focus on delivery of past outlooks. Fool me once...