Hi all
nice to come back from a break and see a little good news
quarterly seemed very positive to me
Record revenue up 95% (albeit from a rough last qtr)
aqcuisition of Motherlode 1 complete, production up substantially
Motherlode 2 record production
Motherlode 3 preparing to spud 1st well
Lone camp record production
Possum Kingdom commenced 5x well workover program
Capital raising and associated issues closed successfully
Net asset backing 17c ps (conservative bank valuation)
More successful wells drilled and to come online this qtr will provide a further boost to next qtr figures.
will further success this qtr see a turnaround in the sp ?
trading well below asset backing
anythoughts
Lassatter
Hi allnice to come back from a break and see a little good...
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