AXP 50.0% 0.1¢ axp energy limited

fpl No Real Suprises Fremont about to finally soar, page-48

  1. 12,279 Posts.
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    So whats next with this bottom draw stock?

    They say further drilling of new wells to commence before the year is out.
    Then there is this comment from the last new release:
    "Especially encouraging is the high oil component in the Vespucci well which will deliver a very material boost to revenue. Significant volumes of crude oil have already been collected for sale and a permit is pending which will allow the well to be put into permanent production this month".

    I guess we have to wait for financials to see if it is producing oil, at what rate and if any sales have gone through.

    Why don't I feel confident about it??
 
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