MichaelSA It is worse to have a resource where you lose money as...

MichaelSA
It is worse to have a resource where you lose money as you try to develop than not having one at all . Explorers are worth more because the market places a risked value on exploration targets. There is nothing worse for shareholders than producing at a loss . Most think production is always better than no production . This couldn’t be further from the truth. Loss making production and development is the ultimate value destroyer . Fpl/akk has produced oil for years at some rate and has lost more than another other micro cap energy company on the ASX.