Production should take priority over buybacks.
However money isn't the limiting factor for production, $28m pays for 2 high impact wells plus the Bradbury vertical drill. By the time the 2nd high impact drill is flow back after wolf pack (ruby?) it could be six months from now or more.
That's 6 months of revenue coming in to fund the third well, should have more then enough revenue coming in to fund ongoing production and a modest $2-$5m buyback along the way.
In my opinion with current sp price a buyback now will do the most good as you said and not limit ability to fund production either.
Doubt DP will do it despite being affordable as he already shot the idea down however.
Hopefully if we don't get a buyback we will at least get more good land.
good luck to all anyway
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Last
1.0¢ |
Change
0.000(0.00%) |
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¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 46520747 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 969396 | 0.010 |
34 | 25828373 | 0.009 |
17 | 5468655 | 0.008 |
7 | 4507000 | 0.007 |
4 | 6335000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 46520747 | 31 |
0.012 | 15695893 | 28 |
0.013 | 19059232 | 21 |
0.014 | 11735309 | 14 |
0.015 | 5049920 | 10 |
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