There is no surprises in the financials here - SHE have effectively converted current assets (ie cash) into non-current assets (E&P and Production assets), which sets them up for increased cash generation in the current & future period.
The little nugget that I was very very happy to read was this update on Myall Creek:
"Myall Creek-2 (Surat Basin, QLD)
Despite delays due to Armour’s being placed into administration and subsequent restructure (Armour has now been acquired by ADZ a privately held company) the agreed intention of the joint venture parties is to progress and complete the planned frac stimulation and realise production revenue and ultimately a return on the Myall Creek 2 investment during the course of 2024."
Nice
There is no surprises in the financials here - SHE have...
Add SHE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $8.898M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $23.34K | 1.906M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 3037961 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 272098 | 1 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
|
|||||
|
Last
1.2¢ |
Change
-0.001 ( 7.69 %) |
||||
| Open | High | Low | Volume | ||
| 1.3¢ | 1.3¢ | 1.2¢ | 300990 | ||
| Last updated 13.25pm 30/04/2024 ? | |||||
| SHE (ASX) Chart |