I think the market is a little sceptical, not so much of success but rather of the extent of the success.
Many bought in 6 months ago in the believe we were near a sustainable 1000 bopd then, and expecting closer to 2000 bopd by now.
For me they are still on probation after that dissapointment, however they are slowly earning points in my eyes. I do not yet see a reason to rush to top up, so many undervalued producing oilers atm.
I might like to see net revenues a bit further in front of costs (including the ongoing development costs) first.
EL
EL
SAE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
