Correction to my previous post. Revenue for the quarter was $11.7mUS, operational expenditure was only $3.6mUS, so free cash flow from operations was in fact a mighty $8.1m US. They expended $4mUS on exploration, still leaving $4.1mUS free cash flow after exploration. So, cash flow from operations before exploration expenditure extrapolated for the year based on this quarter is $32.4mUS. Given the surge in oil and gas prices, my math suggests a further increase in free cash flow from operations based on even stagnant production , of $2.5mUS for the December quarter, giving them $18.7mUS for the first half. With a market cap of $140mA, this is so cheap it's a joke.
Correction to my previous post. Revenue for the quarter was...
Add to My Watchlist
What is My Watchlist?