I think Everyone is waiting to see production problems fixed before it is pushed up again, I suppose if they can get the 3000bpd to the projected 30,000 bpd then the stock will return to favour.
UBS changed form buy to sell with 12month target of 4.2 to 4.5. Stated they gave no upside to probably reserves etc until they saw production fixed
Cash at bank is $350M after paying out creditors. They will have to spend some of that capital to get production fixed.
What do other traders believe the average MARGIN FOR OIL is once a platform is operating?
AED Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
