depending on oil price I really hope for the sake of shareholders here they will consider taking on debt to accelerate full field development. As soon as their first batch programme can be considered a success, if the oil price is good enough to justify it seeing them take on debt to get the field developed could be a value positive proposition imo.
More so if oil prices are strong $85+, as the commodity price will more then offset the debt cost.
Likewise there is risk if the oil price were to drop say even to $60 wti as the first batch of wells come online it will substantially effect the economics of the wells, drag out payback and reduce free cashflow and guarantee a continued stagnant sp.
Company is in a decent position but good times are far from guaranteed imo.
Good luck everyone, sorry for the negative outlook, just calling it as I see it. Still potential for this to do well and I hope it does for the sake of everyone who is invested here.
Oil prices could still rescue us or dam us, can't imagine oil going any lower then $60 unless a desperate Russia floods the market or even saudis (it's happened before) but at same time would only take a couple things going wrong to see $90+ oil again.
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Mkt cap ! $47.72M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $105.5K | 10.52M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 969396 | 1.0¢ |
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Price($) | Vol. | No. |
---|---|---|
1.1¢ | 46520747 | 31 |
View Market Depth
No. | Vol. | Price($) |
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3 | 850000 | 0.010 |
33 | 25718373 | 0.009 |
17 | 5468655 | 0.008 |
6 | 3857000 | 0.007 |
4 | 6335000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 46520747 | 31 |
0.012 | 15655893 | 27 |
0.013 | 19059232 | 21 |
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