RE: Shares sold by St.Heliers21 Oct 2021 12:27
ffs - do any of you (dave/geo) actually read any rns's?
it clearly states that the next well is funded from existing resources. It also states in the accounts that further funding, in the form of equity/debt etc will be needed to exploit the larger assets. It also states that the company can pay its bills until june 2022 as things stand, subject to oil prices and wrb1 actually producing.
even the brokers notes state that there is no guarantee of success at any wells, as they may not produce after workovers and that the company will assess its drilling order based on the performance of each well in the plan - the company has a huge acreage, hundreds of wells, mountains of data and is working on a programme to enhance the boepd.
are you even invested here, because your comments say otherwise.