Looks like a great quarter.
- Stable production
- €2,312k Revenue x 0.63 Share = $2.4M AUD to PVE
- €1,037k Positive Operating cashflow = $1.72M AUD to PVE
- Almost $5M AUD in the bank.
There was a large 4M crossing at 3.7 today. Hopefully that sets a short term floor underneath the stock.
Dutch TTF futures suggest profitability will increase during the year (PVE receive a premium to the Dutch TTF futures).
Trading at a 5.5x NPAT / EV which is ridiculous and you would think will double at some point considering 2P reserves for PM1 will last over 10 years + all the upside from neighbouring wells + potential divesting from other non core assets.
Looks like a great quarter. - Stable production - €2,312k...
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