Questionable asset and no cash : A4 was only just profitable when oil price was at its high and according to management was unable to be opened up due to well integrity. A5 still not tested and the re entry wells are another question. Why if they were a simple and cheap and quick way of getting these wells to a production stage was it not done first or after A4 didnt flow at what management forcast just to generate income to fund the A5 drill and test ?.
Other companies like CTR , CCC, ARK, IPO, KAB, BMZ, IGS, NKP
Questionable asset and no cash : A4 was only just profitable...
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