I won't post all my thoughts, but overall I'm still pleased to hold.
They:
- Reduced costs.
- Temporarily stored oil until prices came back up.
- Brought forward drilling expenses to the current quarter, hopefully resulting in a more profitable quarter coming.
- Management reduced wages by over 50%.
- Constantly on the lookout for more wells.
- Still have plenty of cash to get them through a few more quarters.
Just to name a few...
Ann: Quarterly Activities and Cashflow Reports- 30 June 2020, page-2
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