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1.1¢ freedom oil and gas ltd

....and this message from Porter is consistent with all he has...

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Squeaks

3,648 Posts.

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04/08/19

09:41

Post #: 39848517
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Originally posted by skygypsy: ↑

I can add this information from the top.......

"We will be coming out with a plan shortly to re-capitalize the company, reduce leverage and position into new assets." (This is verbatim).

My follow up question was "Is there a timeframe?"

Answer: "Within two weeks if no delays", was the verbatim answer.

Have faith all, and let's see how it goes under a completely new team.

Whilst VH may have been right (partially), we are now dealing with a very different team/thought process and picture.

I said partially as he would have been utterly wrong had there not been the stuff-ups (Geologist issues) as the 8or9 wrecked wells would be flowing lots of $$$$$ by now and the whole situation would be very different.

Key message is to look forwards and NOT backwards.

This isn't the only oil company (especially shale) who's not doing great. Even some of the small 'darlings' like in the TMS (I hold too) are going steadily backwards and/or nowhere.

Gyps

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....and this message from Porter is consistent with all he has said previously. That is what matters most to me.

FDM Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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