Not going to set the world on fire with this one. It's an improvement on September's figures, but not by much. I suppose their style has always been slow and steady but they need to hurry up and get cash positive (2k bopd?).
"Gross production for the quarter averaged 1,499 BOPD. This represents a 10% increase over the September 2013 quarter gross production."
"Cash received from oil sales for the quarter totalled US$9.0 million. Cash at 31 December 2013 totalled US$34.8 million."
"Drilled 27 Blue Ridge wells, with 21 put online and now producing, and the balance plugged as being uneconomic."
FDM Price at posting:
47.0¢ Sentiment: Hold Disclosure: Held
