Yes, and I will continue to buy more. Cost of finance is very manageable and management have increased production year on year.
$120m spent for 1m barrels produced, not insignificant current production - and infrastructure enabling them to leverage opportunities going forward. Operations support further drilling and one 1000bopd well in the future is all that's needed.
Got to drill to win and sometimes it takes a string of less than optimal before hitting pay dirt.
BYE Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held