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1.1¢ freedom oil and gas ltd

Ann: Freedom Resumes Drilling Operations, page-9

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wabbit

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22/03/19

18:36

Post #: 37857223
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Originally posted by Squeaks: ↑

They want to lease more land to drill and/or want to be targeted in where they drill on existing land.

can also be about building cash.

With19 Wells, and improved prices, FDM could produce revenue of up to $500,000 per day. They need to drill more wells, on additional land at some point in order to retain this level of course. But even 180 days at an average of $300,000 per day -second half of the year with no new wells - you are looking at $54m cash before variable costs. This will fund a lot of new wells and land leasing.

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That is very conservative less than 250 BPD for each of the 19 wells and I think we will be drilling more in the last 2 quarters bought more today.

FDM Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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