31k barrels at $31.50/bbl in September quarter for just under $1 mill revenue USD. This quarter has J-58 shut out until approval, so will likely do 20k barrels and an average price above $60 USD (conservatively) this would give us around the same revenue of the September quarter. Add the 60+ mill of debt that is extended to 2024 and has about 8 mill left of loan funding left, it's pretty meh.
They're transitioning their fields into constrained production, full scale commercial production not likely until sometime in 2023/2024 (depending when it is even announced).
Going to be a few years before significant revenue starts coming through with a CR needed for that gas utilisation plant. Is anyone here even holding other than for the next pump and dump? No approvals expected until 2Q 2022 so only quarterly announcements until then?
31k barrels at $31.50/bbl in September quarter for just under $1...
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Mkt cap ! $37.14M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
|---|---|---|
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