RE: Placing22 Nov 2024 08:34
Not a chance if a placing. They had 5m in cash at beginning of the year and have generated some 16-20m revenue since. Cash position will now be very strong and gas expected to trade in the 120-150 range for the foreseeable.
Far too many positives - c50% increase in production from Feb. Revenue already up dramatically at 100+ gas. Hedge end in summer means another massive boost.
It’s all just amazing cashflow now and excited for the rerate which most likely will come upon publication of results. Not long to wait.