RE: Jam Soon24 Nov 2024 19:30
The latest interviews are extremely bullish. No more raises on the cards potentially now, company is already in profit now with just the first phase complete, plus an extra 50+ barrels a day to come from second phase as well as a further 15-30 barrels a day from ongoing water flooding programme.
With everything going on, cash in the bank, making profit each day, rising production and potentially more Fouke type wells to be drilled next year, it's easy to see why the new CEO says there's a big disconnect between SP and where it should be, in his words the SP simply must re-rate from here now.