Not bad numbers for a company with such a low MC but after exploration, if successful, they will need to fund appraisals and development wells I presume? A lot of time and money before they hit the bottom line. OEL seems like the better play to me. Lower risk with just as much upside near term and very unlikely to have to tap the market for more funds unless there are some production issues. Experienced team would tells us that that shouldn’t happen. Just an uneducated view until I delve deeper......
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Not bad numbers for a company with such a low MC but after...
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