A lot of positives here. Production target of 4,000 boe/d exceeded, with one new well yet to come online.
Current market cap is ~$55 million.
Significantly undervalued IMO.
Quarterly revenue = $23.7 million (~$100 million per annum).
Quarterly Cash flow from operations = $9.8 million.
Current Production = 4,100 boe/d (not including newly drilled P12 well, due to come online shortly)
Quarter 4 forecast looking strong.
Ann: Sept 2023 Quarterly Activities and Cash Flow Report, page-3
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