EV shouldn’t come as a surprise unless income lower than expected or additional costs which we haven’t been made aware of (both of which could happen let’s be honest),
Not expecting much more than a copy past re ATO, best case scenario F5 performance has improved with more oil production though not holding my breath. If MBW or OBS back on line that could help the bottom line. Would be good to see more trimming or corp admin costs in the near term.
expect F5 costs will take some time to feed through the cashflow report of previous drills are anything to go by so cash position may look better than expected simply due to delayed payment terms.
While not holding my breath re ATO outcome it would be good to have a concrete plan b should this not come through. Not sure why this back up position cannot be provided to shareholders they will have even more egg on their face should it not come through and they get caught with no plan b…. Not like they have much to do outside of coming to work to eat their lunch and count money as non operator afterall
OEL Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
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