We have very good management and a long term plan so I would think the downside from these levels is small. Volume is small and major holders probably have a number higher than yours in mind. If Louise is successful I think our focus would be on the value of other reserves. If we say current production is around 160bopd and cash now around $1.6m (guess) then the prodn is now valued at $20k/flowing boed which is low. New wells can be funded from cashflow. Still a when not if for my take but that is opinion.
Bw
production, page-26
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