Not a pissing contest just a detailed summary of the otherside of the fence.
Ill reply specifically to your answers. Your first post coinciding with a fall in oil price does not mean the stock was overvalued and yet it was the commodity, not the stock which caused the fall but you fail to comprehend that despite overwhelming evidence.
They actually said no work over rigs were available so wells would be plugged until work over was possible so they can get the most out of each well, if you read their prospectus they have a specific method of getting oil out of the ground which is by stimulating each oil pay zone in sequence.
You realize that reserves in oil factor in commercial into the equation, thus 1p reserves are seen as 95% chance of being profitable. You saying they won't be able to get oil out profitably is saying they are fraudulent.
Gulf withdrawing doesn't infer the wells are not profitable, it means they are not profitable at a 75% reduced margin as gulf are only getting 25% for paying for the well. So once again, you mislead.
I don't care what you post on, if you post half facts which can mislead people and I have the real story based on probably a hundred hours of research over the last year.
I will continue to research and if at any point I feel the stock is not heading in a positive way ill say that also.
FDM Price at posting:
$1.02 Sentiment: LT Buy Disclosure: Held
