Well if we get TPL for J-50 that will start the cash coming in. J-52 will follow and will hopefully be processed a lot quicker. They are expecting both wells to be in production before years end.
Also I do agree that the AIM listing is a form of capital raising but it wont hurt the SP IMO. It will only strengthen it so I hope they get it moving asap. This listing will give us enough cash to develop the entire field. Even if the company moved up to trading at $8 a barrel we would have a market cap closer to 200 million which would be a shareprice at roughly 13-14 cents.
I believe UK investors would have a more open mind than the Aussies. Majority of aussies are turned off by the location.
something up to this one, page-6
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