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Oil Man Jim Company Oil & Gas Podcast & Blog, 15th March 2020
March 15, 2020
 Starting off, RockRose Energy (RRE) was hammered on Monday, "closing the gap" from its last pre-suspension price.  On Tuesday, it confirmed it was "debt-free with net cash of £272.1 million (equivalent to £20.75 per share)," more than double the current share price.  Jadestone Energy (JSE) confirmed, "the business is resilient and expected to generate positive operating cash flow in 2020, even at oil prices below $30 a barrel."  In a similar vein, Trinity Exploration & Production (TRIN) confirmed their "operating break-even has consistently been below $30 a barrel in all periods since the new management's measures took effect in 2016.” Caspian Sunrise (CASP) knows all about low oil prices.  The current oil price certainly doesn’t look good for Tullow Oil (TLW), though, whose final results disclosed a free cash flow breakeven of around $45 a barrel.  Premier Oil (PMO) has a similar problem. With its share price having collapsed from 1.7p last year to 0.3p last week, Reabold Resources (RBD) also jumped on the oil price/market volatility/Coronavirus RNS bandwagon.  Mosman Oil & Gas (MSMN) didn’t miss the opportunity either to blame in advance all the current events for its upcoming bad news.