FDM freedom oil and gas ltd

numbers and tea leaves, page-24

  1. 517 Posts.
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    Two new wells a month was the average at the time of the IPO, but they added a new rig in december after which they averaged 4 new wells a month, and another new rig was added this month, which I would expect would add another two wells per month.
    I think 2000bopd would be a bit of a stretch by the end of the financial year, but I would expect them to be producing over 1500bopd by then.
    Cashflow should then allow them to add another couple of drilling rigs.
 
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