There is no guarantee that they will release their financial report tomorrow. they can take as long as they like.and I hope they do. It will come under close scrutiny and if they want a rerating they will need to clearly indicate what their return is from gas sales (EPS) They continue to advise they have 180 plus producing wells so it will be interesting what that income is. Remember they have locked their sales in at a very good price
TO be fair I dont expect to see too much from their recent purchase.
AS previously stated I am quite happy to have egg on my face to see this company come good. Dont forget they do have 2bill shares on issue so this is a stumbling block for the shares to sustain any gains it might have in the near future.
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- executive chairmans letter 17/03
executive chairmans letter 17/03, page-7
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