Net debt has been paid down aggressively over last couple yrs.
They stated in presentation before xmas they expect to have it paid down by June.
This level of cash generation will be enormous for co at 10m market cap and production of over 2000 bopd, quite mad. You don’t pay down debt this aggressively if you ain’t got free cash flow!
Net debt
Nov 23 update: GBP2.6 million
22 Finals: GBP6.1m
21 Finals: GBP12.2m