According to the company in todays AGM questions they are targeting 20,000 BOPD within 3 months. They also advised they have "fairly predominantly" total operating costs of $US9M per month. You do the maths. Even assuming 10k BOPD thats a fairly healty profit margin. On 20k BOPD its obscene for 150 million shares. The way I see it the market has already factored in the demise of the SW sector anyway. I'm back in - unhedged! (Yeah, I know I was bearish yesterday - but that was yesterday!)
AED Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
