Updated Oil ProductionWe're all waiting for an official update on their oil production numbers. With everything ramping up and optimized cash flow will increase. Hopefully materially.
Still of the opinion that any new drilling right now should be secondary to getting the facility work ironed out and fabrication started for the 15-25. This should be their sole focus.
They are fortunate enough to have the income no other HE small cap has and nowhere near some of the debt. This has to be leveraged into favourable financing in conjunction with an offtake agreement.
If they decide to drill I still think targeting a lower cost higher probability oil well is the best option. No point drilling more HE targets when they haven't even tapped into the first.
Like I said in a previous post, imo the CEO can earn his yearly salary by obtaining a solid offtake and using it to obtain some reasonable finacing for the fabrication on the 15-25. Seems very straight forward to me. I hope it's as straight forward for management.