Not too encouraging....16 May 2022 18:56
and the fact are :
1 That the SP is more or less where it was eleven months ago.
2 That the CPR has been delivered after a very long delay, (attributed to Covid among other causes), and that it went down with the market,( note the word), a bit like a lead balloon.
3. That the finance,(including a placing) has been agreed after various hitches,( attributed to Covid and to Christmas), and the SP today is lower than the placing price.
That at the recent Webinar we found out that the company has been selling oil from the State 16 well when it's been at the "waiting for infrastructure stage" , ( which seems to have comprised a relatively uncomplicated and inexpensive line), for the past five months! And that one of our ,( only two), institutional investors seems to have sold their holding without the shareholders being given any notice of the event at the trumpeted Webinar. Doesn't sound too impressive does it?
Now please BOD, continue to do all those excellent things you were doing without a hitch early on<(when I bought in