Exactly Snagger. My chart was just to illustrate the strength of the production trend. The extrapolation to 12k was just a bit of fun...LOL!
Anyway, I just like to pour water on the piece of nonsense - the one about cash running out.
Here is the same production graph only extrapolated 2 months out, which I think is fair. However this time I've included the cash burn. Cash burn has halved over the last quarter while production has increased 50% over the same period.
Once again - the facts speak for themselves. And this is once again not taking any potential blue sky from high-impact wells.
To be honest, I've surprised myself with how good the company is traveling. I think I'll add to my position tomorrow.
FDM Price at posting:
63.5¢ Sentiment: Buy Disclosure: Held