RE: Current Thoughts on AAOG...27 Feb 2019 09:49
Degsy is making assumptions all is perfect... any sort of delay or technical hiccup which you can guarantee in subsea drilling would leave us with no cash. Also 5k bopd is what others have achieved, no guarantee we'd get that. Dont be surprised at fund raising due to delay in revenue creation, its illegal to empty a company account and leave it unable to pay its liabilities so we need to allow for that.... but dont assume its a bad thing to raise cash either. Ultimately the SP should be well above 10.4 by the time this all happens. We hope.