Debt-free Balance Sheet And Rebuilt EquityA debt-free balance sheet with rebuilt equity provides durable financial flexibility, lowering refinancing and interest risks. This stronger capital base supports funding of exploration or capex, improves resilience through commodity cycles, and enables strategic optionality over months.
Operating Cash Flow Turned Positive In 2024A reversion to positive operating cash flow marks a structural improvement in core cash generation, reducing near-term liquidity strain. Sustained OCF supports reinvestment, lowers external funding needs, and is a prerequisite for achieving long-term free cash flow breakeven.
Swing To Positive Net Income In 2024Returning to net profitability indicates operational progress and cost or asset adjustments beginning to work. If maintained, positive earnings can restore retained capital, improve investor confidence, and enable gradual reinvestment in upstream activities over the coming quarters.