PEN peninsula energy limited

Ann: Company Update and Samuel EPC Settlement, page-38

  1. 1,249 Posts.
    lightbulb Created with Sketch. 373
    on second thought PEN may be stuffed. they have serious committments in later years and significant downgrades in production will surely stuff them.

    Expect the worst. 50% chance this will never trade again. imo
    Their saving grace is Kendrick and all the pounds in the ground. USA is also a land of litigation, they should sue Samuel EPC but I guess they can't afford the extended legal fees
    Production downgrades may not be as terrible in which case the worst case scenario won't eventuate

    https://hotcopper.com.au/data/attachments/7063/7063733-8d7fae71ea65f87d76e71c8fb7211c0a.jpg
 
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