kroes still hasn't finalized the promised purchase of their partner's interest. I don't expect a huge q2. Wells coming back online plus the new well. However,they will get the benefit of selling their excess inventory that was held at the end of q1. Revs should be close to previous highs.
I like that they have a plan to develop this field and are methodically moving as fast as their cashflow will take them. They have a modest drilling budget of 3.2 million but it won't take many successful wells to double their 200+ bpd. Bobwins
Rruff, Not yet. They haven't closed the deal to buy the remaining interst in Kashtan. An older director recently retired, they announced the share buyback and addtl drilling detail...Am interested in their 10Q which indicates they are looking at other Ukrainian partnerships....but that is standard stuff in any 10Q.... Can't imagine that potential news is anything but positive for BobWs.. little guy in the Ukraine. Art
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