It's easy to get caught up in the noise
The quarterly was expected to me. No surprises, which is good.
In the simplest of terms:
We just spent close to $5m on new wells just coming online now, which are now substantially de-risked as they enter production, with payouts on these long-life expected over around 18 months.
Yet we are valued at between $2-3m above our current net cash and liquid assets balance.
No debt, no operating cash losses, no reliance on capital raises or anything like that.
This is the easiest stock to analyse IMO.
Just my opinions.
Ann: Quarterly Activity and Cashflow Report, page-25
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