RE: RNS VERY GOOD22 Apr 2026 21:12
I agree MR. Certainly expect to open above the 1p level. I am not expecting dilution but as I posted the other day, no matter how you measure this, it will multi bag. Multiple of revenue or profit, it should 5-6 bag so even at 50% D4E (no chance of that) there is huge upside. My view is c£4-5m cash at bank, no dilution, 100% loan on lower rate than previously, term tbc. Cash will act as working capital, new well funding and possible acquisitions, supplemented with a cash raise once the share price tops 1p. Debt comfortably paid down with free cashflow, remembering revenue should be £30m+ with much lower overheads. New well(s) will add significant value and of course pure free cashflow.
What’s not to like? Does BP and that other one still think they defaulted?