After delving deep into financials-7 Jun 2017 11:06
In my opinion....
I'm tempted as initially it seemed their cash position was good, but as I spent an hour plus on the accounts and reports, it seems they do not include debt for historical exploration and initial field costs. At some point that debt will come into play and they are extensive. The income streams may well improve, but by enough? Also, the executive salaries, bonuses and options are still high in my opinion. Worth a mild punt at this price, but keep a daily eye on it.