I believe splitting the transaction has merits as we can get the production back on line quicker and aim to get the production increases in place more rapidly. Dont think we will see any significant movement in SP till the 2nd component goes through but it does set a positive example of thinking of the longer term picture and trying to accelerate the increase to 300bopd which will give near $5mill in cash flows when that is achieved.
Current production is only really around $700k so the increase does need to be accelerated for effective use of assets both physical and people.
When the 2nd component is closer could be a good time to top up.
AOW Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
