FDM 0.00% 1.1¢ freedom oil and gas ltd

I believe the ongoing costs of production for each well is...

  1. 650 Posts.
    I believe the ongoing costs of production for each well is around $1-2 per barrel and I'm guessing thats based on the 25bopd average they project for each well.
    So I wouldn't worry about costs of running the wells as its really a pittance.

    At this point in time they are getting to be cashflow Neutral, which means they can spend more money developing wells, so instead of getting the 2 per month target they can start doing 3 or 4+.

    I would suggest that as a reason for increased development costs Gull. 4 wells per month would be fantastic.
 
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