A good interview...... A good interview with Paul. Youtube link below :
https://www.youtube.com/watch?v=eZ_pwDvAp70 Looking good if Cascadura can be online by April 2022, thats massive cashflow coming in and opens the door to take on new debt in Q2 2022 to fund development of Cascadura and Royston (in the success case for Royston). Which allows cash from operations to fund phase 2 exploration in H2 2022 (thats Guabine, Steelhead, Bass and Krakken).
Some talk around of a further 2 wells (on top of the planned 4) in the South West oilfields, which would be possible if Coho is on line by December this year.
No equity dilution, thats a big bonus that they are fully funded and planned until Cascadura is online.
The boot now swings on to the other foot. Someone has borrowed 9 million shares from CREST, is paying to borrow them and sold them. They, at some point, have to buy them back and hand those shares back to CREST.
The share price should be around circa 150p at the moment based on the proven reserves and resources only......excluding the potential up to 2000p upside from the over 20 Ortoire prospects that will be drilled in the coming 5 years. Its down where it is thanks to whoever borrowed those 9 millions shares from CREST and sold them, but they do have to buy them back and return to CREST......that will be fun.