No worries. I think we might have to wait for Oil and Gas to...

No worries. I think we might have to wait for Oil and Gas to bounce back before we see much of a re-rate but as long as money is going in the bank and the interest is being paid off on the notes I won't be to worried about it.

797 million shares on issue if notes are converted.

80 million market cap at 10 cents a share.

Aiming for 20 TJs a day by end of 2018
20 TJs is 20 000 GJs.

4$profit per GJ (estimate) is $80000 a day
$80000 (365) is $29 mil a year. Add in the oil and condensate and I get around $33 mill.

PE of 2ish with no debt by mid of 2019 at 10c a share if things go close to this.

Just need to see what these Wells can produce and if Armour's Geos can unlock some more production. Not a lot of drilling going on right now so prices should be good for contractors.

All my ramblings, not investment advice.
Cheers