Hello! Oil price has crashed form US $100 to US$ 32. These operations are now unprofitable hence the value of the business has capitulated.
How much do you think someone will pay for a loss making oil venture at present? US 2-5m for me on gut instinct. Then we shall see if Dan Lanskey can pull off another Raya group deal to at least recoup some value.
Ann: Corporate Update, page-6
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