FDM freedom oil and gas ltd

wow what a sell off, page-29

  1. 11,400 Posts.
    lightbulb Created with Sketch. 565
    Paul,

    These delays were both explained ahead of time, if you bothered to read quarterlies.

    They have not explained a flat quarter this quarter (Q4 C2012) so I expect a better result this quarter and will review my thoughts when I see it.

    They have shown no indication they can achieve these results despite increasing flow rates by 400% last year in 6 months before they started their PLANNED drilling to increase reserves?

    I am not a follower of MAD, I am an investor in MAD, the company, which I have shown FACTS of why I invested and why I continue to.

    You consistently, and annoyingly, come back with THE SAME opinion, based on THE SAME points (most of which are taken out of context) and just repeat yourself, which gets frustrating when you do not even try to make a proper retort based on ALL the information available.

    The company is worth 423million today, with a 95% proven resource worth over 10 billion dollars (*$100/barrel sales currently).

    They now have 9 more rigs, primarily to help with workover of shut-in wells to open up productive zones, due to come online next year. That was the reference to the expansion, they are planning to expand production EVEN further with more rigs, more crews, etc etc.

    Not to mention free capital deal currently in the works (not definite) which is worth 100million alone.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.