Interesting little oiler.
Pretty much cash backed and Cash Flow Positive.
So $2M in the bank and EV of maybe $200k?
Looks like management have decided that an oil price stabalising above $50 a barrel is a good enough catalyst to get things moving a little.
Two low risk drills now scheduled for the next few months and one scheduled for re-completion.
Reckon she is gonna wake from her slumber real soon...
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Interesting little oiler. Pretty much cash backed and Cash Flow...
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Mkt cap ! $9.380M | |||
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