RE:Just amazingThis is very likely, tsoprano. After this great Reserves report that clarifies all the doubts and makes RLI DOUBLE from 2.1 years to 4.1 years, we have:
RLI at 4.1 years - OK from the Reserves side.
Zero Debt
Cash at US$25 million
Production at 5,500 boepd, this excludes production from three wells in Q1 and Q2
Cost per barrel at high 30s thanks to Ecuador route, and operating netback at US$20/bbl with Brent at US$60.