FDM freedom oil and gas ltd

multi bagger this year, page-29

  1. 700 Posts.
    Main thing I've taken after a first reading of the quarterly is the intention to drill more under their name as opposed to contract drilling. You can see in the estimated cash flows for next quarter being 4.9 million, and that it was only 2.4 million for this quarter. Given that 12 wells were drilled in the quarter you'd expect given some simple maths that the extra money is for an bit of a surge in well drilling, a doubling to 24 wells imo (an increase of more than 50% of current number of wells which is currently only 45). This quarter is setting up to be a ripper, just got to wait now.

    JM.
 
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