RE: Don't miss out the ELEPHANT in the ROOM !!24 Jan 2026 11:26
I understand the RNS that clearly (or CLEARLY as bubbles would say) states the total debt, which is within £1m of my won calcs. What I am not certain of is the size of the cash pile they have built. Not sure how many millions, but it is many.
So what’s next ?
1. Better funding terms from the lender, most probably finalised once flow rates determined .
2. New well which will significantly increase reserves and revenue. Will be paid from cash.
3. Probably near term doubling of revenue based on high gas and 50% + production increase.
4. Potential acquisitions, be that the Gulf of The United States of America or others that they have already identified.
5. Share price in excess of 1p