$18m profit/5bn shares is 0.35cps
Share price is 1.2c so a PE of 3.4.
These numbers are real numbers and will go in to Comsec etc as real fundamentals.
It would be great if the company committed to building some new wells to keep the income flowing because the well declines will have big impacts at the tail end of this year. Wolf Pack and Juanita won't keep up. Maintaining those kind of revenue and fundamental figures does not have to be at the expense of monetizing. They can do both and they can do an on market buy back.
Be great if management did something for shareholders.
Ann: Full Year Statutory Accounts, page-16
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