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
0.8¢ |
Change
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Mkt cap ! $5.475M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.7¢ | $54.82K | 6.969M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2729125 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1076782 | 2 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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0.8¢ |
Change
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| Open | High | Low | Volume | ||
| 0.8¢ | 0.8¢ | 0.7¢ | 2298195 | ||
| Last updated 11.09am 05/06/2024 ? | |||||
| SHE (ASX) Chart |