i think they will need to raise coin,
they have not presented the market with a clear path to value return to brk holders to get the sp moving.
the message is lost.
the detail is missing.
how do they sell a block, that has others percent attached to wells?
what happens if they need to fund a second well on that block if the others want to?
yes they can book reserves, but that doesnt cash flow them with the small percentage of operations.
ultimately about reserves sale, but the cash flow in between is a worry.
the lack of communication on this obvious gap in the joining of the dots.
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i think they will need to raise coin, they have not presented...
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Mkt cap ! $50.11M |
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