Posted some quick thoughts last night. Presentation read well didn't it! Revenue up , but overall a couple of things I'm sure the market didn't like. Oil production down and little money in the bank at the moment. When you look at it closely it's not that significant as we know the new wells have come on and will continue to come on giving improved oil production next half and the cash flow is good , but the market wants spectacular at the moment and even spectacular is failing to impress. From memory , was it net assett value of 200mil. almost 4 times the current sp? These sort of figures are impressive but alongside debt of 56mil maybe not so. Energy sector up over 5% last 2 days, oil with a big rally, positive drilling results and AMU is floundering. Looks familiar? These guy's need to address some issues, let's hope they are resolved in the sreview.
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