The WF facility shouldn't prevent Freedom from paying cash for an acquisition.
The maps on the Company's website show Exco Resources as controlling two small areas adjoining Freedom's leases (as part of their almost 50000 acre EagleFord holdings). Apparently, Exco is (or was) in Chapter 11 and its EF leases were to be sold early last year. That fell through in August 2017. They are now trading again on the OTC market ($0.05 at last check) and I can find no more current information about them.
If these leases are still up for sale, they would seem to be a good way of adding to Freedom's portfolio. As they are isolated from Exco's other leases, which are themselves rather scattergun, they may also be a reasonable price.
Does anyone have more reliable information?
FDM Price at posting:
16.5¢ Sentiment: None Disclosure: Held
