What does it matter - they are cash flow positive for a week ( excluding the 800k blown last month)
Cmon- watch this space - CR within 3 months for about 2-3 m . Dilute everyone by another 40%.
It’s amazing how these guys don’t undestnsd what their definition of cash flow positive is. It means for a month they have not lost money . They simply don’t realise the degree of spending required to grow oil production sustainably . They should review the performance of the field historically but in the end most play musical chairs a buy at .9 and hope to sell it to some sucker at 1.1
FPL Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held