Oil WTI at 78$ now4 months ago oil price was at 117$ and we are now at 78$ we have lost 30%. As I said before WTI will go to 60$ this will make any oil sold domestically in Kazak cash flow negative. Maybe it is why they postponed to sell their 4000bpd in december, they just hope oil price will increase. at WTI 78$ they are selling their oil domestically at 27$ a barrel (so just breakeven) and at WTI 60$ their sell their oil domestically at around 21$ (cash flow negative)
In exactly 5 weeks their are out of cash and will need to make 50$ millions fundraising at between 40 to 50 cents.
Over the next few months we dont have any big result coming so TPL share price will only depend on oil price.
GLTA
Cheers
Julien