@gizard yes the company has debt of @ US$58M lent to it by 2 of...

@gizard yes the company has debt of @ US$58M lent to it by 2 of its major shareholders. This has been the case for years now.

Yet those 2 shareholders still continue to lend the company money so that it can continue to advance the commercialisation of its 3 oil fields within block 31.

If they didn't think the company's assets (ie the oil fields) were worth more than US$58M then surely they would have pulled the plug years ago instead of continuing to advance it more money.

The real question is how much are these 3 oil fields really worth in a post Covid-19 environment?

LOTM