RE: Oil Discoveries5 Jan 2022 11:13
I don’t expect a plan of how this company will be taken forward until the bond holders are payed off. The SP will therefore remain low until that happens. My concern now is how the BOD will raise the money for more drilling once the BH have gone and we are in positive cash flow. Will it be a JV , a shares issue with consolidation or more borrowing. Or are they so confident in the one well that a build up of funds will finance it. All questions that will be answered over the next 3or4 months. One this I think is pretty certain. After the BH are paid off, the SP will be over 5