The market cap is only 39M which imo is cheap bearing in mind whats coming shortly. Say 3000bpd x say 350 days x 80dollars a barrel = revenue of 84M,correct me if im wrong
Biden has just announced that he will replemish reserves when the oil price is between $67 and $72 ,as he has almost exhausted dumping on the market I would have thought the price would go up
Biden has just announced he will replemish the reserves between $67 and $72,the fact that he is running out of ammo I would say he will be lucky to see that happen
With finance getting more expensive I wonder if they may be having second thoughts about the deal although if they did bail out they would lose the deposit no doubt.
MOGB on checking history I don't think the next quarter results are due until November.The the last quarter results were on the 27th August,correct me if im wrong so some time to wait yet im afraid.