FDM 0.00% 1.1¢ freedom oil and gas ltd

over 300m market cap and still only 700bopd?, page-9

  1. 257 Posts.
    Aimforsimon - you clearly don't understand the definition of Proved reserves. If they are 90 percent onfident that they can extract oil commercially from each of these locations why are nearly half of them coming in Uneconomic and being plugged? I suggest that you read the SPE definitions then make a judgement about the accuracy of the stated reserves.
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