Ann: Rig Mobilised To Site For Testing Of Next Zone Of Interest, page-5

Still blows my mind we still have a lower market cap then bye (although the gap is closing).
Go check out there quarterly's, capex vs production compared to us, higher break evens and extremely low cash on hand.
We pretty much are a superior oil producer to them in every aspect and yet they still have a higher market cap even at all time lows plus until recently had been valued around $150m market cap while still underperforming expectations.
We on the other hand have exceeded expectations, generated strong profits, free cashflow, can now fund well capex without debt, have long term income from long life wells and as of the last quarterly more then 5x the cash.
It really pisses me off how some companies get these valuations they really don't deserve and manage to hold on to them for far longer then they should while something like this can't get the time of day.

88e also still somehow has a $160m market cap despite liquidity drying up and having to wait a year to flow test a well they drilled start of this year. Also worth noting just two of our now declined wells are producing more revenue then the whole Texas field they bought.

Asx is a weird place for oil, just not enough appetite at this end of the market in my opinion, unless your trying to find a billion barrels anyway.
Maybe we can use our free cash to pivot into mining.
Have a good day everyone