UJO13 Oct 2020 07:52
This company is so well funded now 11 million in the bank and no debt. Plus Wressle due to put 2 million into the pot just off one well. Clearly we will develop this further. The gas at west newton is already a success. Hope to see the gas field extends a further 2.5 k.m once we see that heat haze from the shrouded flare stack.
We will start to receive the meaningful income from Wressle.
Flip or develop west newton (flip I should think).
Biscathorp development also. For any one researching, this the asset base is very rich and once Wressle starts to flow, due any time now this will truly become a growth company. The current sp will move up and keep trending up, and keep on growing because we have the assets to either sell or develop. We have massive cash resources, plus an expanding income from wressle to grow the company. All of this will support a much higher share price. This is bonkers cheap an anomaly.
This is going to trend upwards and it will not stop until it settles at multiples of where we are now.
Money on hand/income/great asset base. A board of directors that know how to dance with a crooked market to the over all benefit of it's share holders. They have done well, really well. This is going to be a supper cycle for the sp from here on in.
Investing for growth I am. You won't see these prices again EVER !!!
We may very well have oil at west newton in commercial quantities also !!! Now that would be a bonus !!!
This market cap is but a fraction of where it is heading to.
Don't mean to sound rampy. But I really can see all of the ingredients for a massive upward cycle here.
At this price you can't go bloody wrong.
Very under valued stock I think.