It was reported at AGM that 1b had been re-opened and was producing 250-300 bpd (say minimum 6,000b since AGM - not sure how much was in the initial 20 Truck loads produced for storage). The 5 Tankers purchased have been delivered an on site.
IMO Last couple of days has just been a repeat of the last 12-18 months, any delays has allowed a few traders to shake the tree and accumulate at lower prices, etc.
Still in a lot better position now,than when the share price was at the same level, before any found oil, before they had reserves, let alone ready to commence production.
MAY Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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