FDM 0.00% 1.1¢ freedom oil and gas ltd

renewing the faith on mad, page-18

  1. tui
    6,072 Posts.
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    Stockrocker,
    The more I look at MAD the more I am staggered by what they have.

    Thet have 70 plus million barrels of oil ( at 2P )

    Within the foreseeable future they will attain a sustainable and growing production level of 2000 bpd.

    2000 bbls per day equals 730,000 barrels per year equals $73,000,000 per year.

    Sustainable for 96 years!!!!

    Admin equals say $15 million per annum.

    WHAT ARE THEY GOING TO DO WITH THE REMAINING $58 MILLION.?? per annum

    We have 268 million shares on issue. $58 million per year to dish out. That equals 21.6 cents per share annual dividend.

    I must have my maths wrong. Either that or I have to buy more.


 
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