FDM freedom oil and gas ltd
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vicksburg well, page-7

  1. Adriano1
    2,647 Posts.
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    04/05/14
    13:09
    Post #: 13321607
    When you are drilling production wells you should be at least in the high 70's for successful wells. Having a 15% success rate is unheard off. I would hesitate to say that 15% rate for an exploration well, is extremely poor and most junior oilers wouldn't drill. Comparing mad to bhp, wood side, beach is silly. No way am I saying that.

    In a way I feel for Yeager, he hasn't got much to work with. Strange he hasn't changed direction and bought new acerage or a field.
    FDM Price at posting: 27.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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