RE:RE:Re-rate comingExplain the soaring stock price and the huge trades and volumes along with all the insider buying at elevated prices along with the analyst targets.
There is no way to get real reserve estimates for these types of fields. As Sean said they continue to produce and as long as infill drilling continues to sustain production numbers, the risk is low and this continues for many years to come. These fields have been producing since 2005 by the previous operator who never expected such longevity... and it still goes on.
You are forgetting about Wassana exploration and the Rossukon royalties. More growth in cash flow is near and you jeer at the progress. Did you sell your shares hoping to buy back cheaper? Awwww too bad.
FCF should be close to US$50 million this quarter. Last quarter FCF was US$37 million. Next quarter will include Wassana production and and Rossukon royalties.
News out this week or next and Brent heading back to $90. Let's see what the market thinks about that...