RE: Uptrend in Place / Company Making RNS / 7,000-9,000bbl a day / Well Funded / Multiple Newsflow19 Jan 2024 07:23
Mr Researchandhold
Think this form part of discussion terms they haveagree with DQE. Make sense if DQE will develop Heron - "The contract envisages a reduction in drilling, testing, fracking and completion costs and some deferral of costs to allow a portion of the drilling expenditure to be settled from future production revenue"
"The cost reductions & payment phasing could significantly improve project cash flows & overall asset value since the largest portion of the Heron development costs are drilling related" - RNS 20th June 2023
Maybe people also start to understand LOW COST / SCALE UP of operations which feed into FAST GROWTH / REVENUE GENERATION.
This should bring in bigger longer term investments - Uncertainty from before replace by more certainty which attract investor but lot of trader talk does seem not to understand š¦