RE: Zeus Capital Note - "Company WELL FUNDED - Positive Outlook"6 Feb 2025 06:34
Will re-post from yesterday Zeus Note which back up Progress note & we assume understand DQE Cost Deferral terms, Petrovis 'soft loan', RBL etc - and with continued Production - and "Drilling Season starting March-April" (Mike Buck's words).
The Company is WELL FUNDED with NEWSFLOW UPCOMING on Heron and Gobi Bear, alongside the discount to our valuation (which is our 10.5p total risked NAV), we have a POSITIVE OUTLOOK for the shares" - Zeus Note 5th Feb 2025
*Note: ZERO Upside included in Valuation for any (Massive China or Domestic) Renewable contracts - RNSs Upcoming on these!