I'm actually quite happy with this.
The impairment is the biggie but was announced 6 months ago, no additional impairment.
the debt reduction and cash flow positive is both encouraging and against what most shale companies experienced in 2020. Oil prices much better now and a rebound for this FY is on the cards.
If operating revenue and asset value is driven up, we will see a significant re-rate this year, this is not to mention any potential drilling (although needed medium term).
Ann: Annual Report to shareholders and Appendix 4E, page-2
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Mkt cap ! $15.32M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 5018824 | 1.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 2301305 | 6 |
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| ATS (ASX) Chart |