No Sale of Company18 Jan 2024 08:09
There wont be a sale of the Company any time soon,, JSE are on the Brink of entering a new phase of growth and cash income, only short sighted panic driven investors would want a sale,
we are producing 20K bpd in a very healthy oil and gas environment. we have a large gas asset. over 90% complete, which will bring in consistent cash for years to come, with upside still to be evaluated.
there are many spinning plates with our other great producing assets. all making good progress,
we have had problems with Montara and Stag but they are at end of life and still making good cash income, whilst there are some near term issues to deal with, they will still make positive contributions to our cash growth
we have a very large undeveloped asset which is much larger than AKATARA to think about in 2025, that alone could take us to 40-50k BPD
theres not going to be a sale, anytime soon, !!!!
the Company is doing well, imo next 3 months will see the Sp start making its move back towards the 40p region again.
Onwards and Upwards, those that are holding and buyers will reap the rewards in 2025
have a good day all