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.
- Forums
- ASX - By Stock
- FDM
- Ann: May 2011 Monthly Production Report
Ann: May 2011 Monthly Production Report , page-7
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FDM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online