RNS Shows how undervalued we currently are14 Jul 2021 08:50
MCAP of £64.82mil Sitting on £93.9mil net cash in the bank At present on 1 well producing net gain of 7mil That was on price of oil which is already up 15-20% invalue Say we continue to produce oil at current price (oil predicted to rise) We would be generating a minimum £84mil a year. That's based on 1 well ( at present)
So when I say won't sell anything to 12p plus hope this helps you understand why...