As expected... Not cash flow positive and that's probably one of the reasons for today's sell off. Too many expecting a positive cash flow for this quarter. However it was never going to be cash flow positive as Mitchell well came online end of November, so only 1 month of prodcution and sales. Thelma well's near end of December with barrels sold 2nd last day (Cash will probably come in on January.). The Jan-March and the Apr-June quarter will be so much better as it will get 3 full months of production for the 2 wells!!!
This is why I cautioned on expecting too much on this quarterly as you probalby will end up being disappointed with these expectations.
Also... I think this is the most important information in that quarterly!!!
Ann: Q2 Quarterly Activity and Cashflow Report, page-2
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| Last trade - 16.12pm 16/05/2024 (20 minute delay) ? |
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