Good stuff OG. On paper that puts the current quarter at around $400k revenue, before a jump to over $1m once O2 is online...noting that there will be a misalignment with receipts v production due to a receipt lag. Big extra is a flagged recompletion of O1 - surely 1-2mmmscfd there? Plus the unknown of V2 remediation that was also flagged.
Feels like if we can get through the next quarter on the back of placement/SPP funds then we're truly away. Assuming that there will also be a lag in work being performed and then paid for - 60 days? - that will really smooth the cashflow. If they can have four wells on production it really creates a solid production floor if all wells can exhibit a profile like these two....would basically equate to last quarter revenue being a minimum going forward. Maybe I'm being too simplistic?
I've gone in for the maximum and picked up a few on market this week. There's clearly risk there, but the upside is compelling IMHO.
Good stuff OG. On paper that puts the current quarter at around...
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