FDM 0.00% 1.1¢ freedom oil and gas ltd

Ann: May 2011 Monthly Production Report , page-7

  1. 650 Posts.
    lolzzz, you can read through the presentations they have released and make your own forecasts but just from some hard numbers...

    2 new wells drilled each month, 25bopd per well.

    So you could safely say they will increase production by 50bopd each month.

    From this point onwards they will move into a positive cashflow situation and wells drilled may increase.

    I caclculated the average bopd for each drillsite to be well over their forecasted average for the last 2 drilling reports.

 
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