Annual Accounts6 Jun 2018 16:47
Literally cannot believe the negativity here.
Results show the turnaround of the company in just three months into the year end.
Forward looking Turnover of about USD50M and EBITDA of about USD20M yet the share price goes down and negativity all over the boards.
As a reminder, in the past investors faced dilution to fund attempts to improve financial returns, following the PFEV deal the company is now extremely stable and throwing off strong cash to invest into capital programs whilst remaining solid and working on Paraguay and assets at PG.
Take September Brent of +/- $55/bbl and a share price of 10.5p, now Brent is +/- $75/bbl and production broadly the same yet the share price is 9.2p.
Massively undervalued here with a lot of upside IMO.