FDM freedom oil and gas ltd
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1p reserves double to 102 million barrels, page-37

  1. theyouth
    193 Posts.
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    18/06/12
    11:29
    Post #: 10316744
    Bit irrelevant sleek as it DIDN'T happen...

    MAD market cap is not 100mmbo x $86 as oil in the ground is not oil in the pipeline/ ocean liner... Also there are production costs to consider.

    There is a long way to go to get the stuff out of the ground but i am fairly well excited now that they have decided to start to concentrate on exploitation now...

    Would love to see the forward works plan regarding the production wells that will be drilled over the next 12 months.

    TY
    FDM Price at posting: $1.34 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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