Ricky99,
I agree with the previous post by blackjack, that the SP is heading to a 20c level. Taking into an account the following factors such as
- The production rate is still the same at ~1,000bopd
- The company has stopped its buy-back policy and has not bought any shares for the past 2 weeks (actually it started to buy again today), also in this regard I would like to note that if at the initial stages of the buy-back policy at least 100K were bought every day then later the parcel size was reduced to 50K only
- There is still a large seller who has not finished the selling processes
- POO is heading to a $100 level and in the current market conditions it may break it
I decided to sell my all accumulated holdings today, however I am still interested to re-enter, but it will happen only after consolidation in the stock chart. Unfortunately according to a strong downtrend in the SP I can see that it may not happen in the nearest future, say 4-6 weeks.
In relation to the production figures which you are interested in I can say that they are published in the recent company presentation of ~1,000bopd
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