Kincora is a 4th quartile asset and production declines very rapidly from these wells. A trail of CFO resignations is never a good sign
In the June 2020 prospectus the company stated "targeting to increase daily production above 12Tj for the second half of calendar 2020" vs. aemo.com which states Kincora has average half of that since October
The management team are just puppets of Nic (hello Nic, I know you watch) and just look at the SolGold AGM, institutional investors appear to have little confidence in him
In time and if oil gets about $100/bbl (very quickly) this company could be worth $100mm, however it could also be in the hands of the bondholders...
Have they refinanced the Tribeca facility?
Can't wait for the December quarterly numbers
Ann: CEO Presentation to AGM, page-10
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