Post by
venturetrader11 on Aug 14, 2020 11:36am
Good results
Suprised they even posted a profit which is unlike any other oil firm out there. I believe the net debt of 150 mill can easily be covered with the net revenue of 30+ mil they make.
Lets hope the lenders are in good standing though. On a side note not sure why the market doesnt see value in this??
Comment by
Enterprise84333 on Aug 17, 2020 4:52pm
In the long term, large oil companies are cutting back on new exploration due to various reasons such as climate change and electric vehicles. So oil prospects such as The Falklands are of less interest to them. This might provide opportunities for smaller oil companies such as Africa Oil Corp.