FDM 0.00% 1.1¢ freedom oil and gas ltd

quarterly, page-47

  1. 3,701 Posts.
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    Paprika
    Just stuck myself with a needle to see if I was awake. Thought I must have been in MAD fantasy land.

    Small wells

    MAD production will steadily rise to exceed 1500 BOPD sometine in the Dec qtr when it will flatten out and slowly fall back to 1400 BOPD as the decline rate of wells drilled in 2013 start to match and then exceed increase from new wells. Gulf will walk away and MAD will eventually downsize this program to re-complete only the very best wells to save cash burn

    High Impact
    Can make no assessment at this time

    Share price
    Less than current price unless high impact is very sucessfull
 
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Currently unlisted public company.

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