Consolidation OpportunituesTwo requirements.
Closure of the Mubby deal and a share price at or above $5.
What we have seen over the last two years have been progressive consolidation opportunities in the Gulf of Thailand that have not yet run their full course.
This is also the case in Malaysia.
So there are still many opportunities for equity consolidation and other forms of M &A remaining in the Gulf of Thailand and broader SE Asia Region.
But first administrative closure of Mubby #1 which will accelerate the operational consolidation with Wassy
That should easily move us through the $5 level.
At $5 share price, just a 20 m equity raise gets us $100 million in additiinal cash.
That opens up many avenues.
Lets not forget .
We have seen Turkey hitch us all the way up to the stratosphere .
Betcha there isn't a single shareholder who would not love to see our Turkey fly again..