OER Six Month Financials Now posted to SEDAR, they are actually the financials for the Oando Upstream business for the six moths just before the RTO happened.
First half revs were $71 million, net profit $9.0 million.
Cash flow was approx $23 million but that is after financing charges of $14 million and most of that will disappear as the Upstream came with only $60 million in term debt plus $25 million cash.
However, there will also be public company expenses so let's say adjusted cash flow of $30 million which is approx
.28 per share.
Production reported at 4,336 BOPD.
Substantial company!