AXP 0.00% 0.1¢ axp energy limited

Fpl, page-27

  1. 330 Posts.
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    Results of the Vespucci well will be announced very soon. Very likely to show the same results as JW Powell well. Both should be plugged and waiting for the gas off take agreement. I know this agreement has been all talk for a long time. But it's business and good things do take time. The gas will be getting trucking out cash will be coming in. We would be silly to not continue to drill more wells and keep it flowing.
    Old holders of course won't be happy with their position if they have been holding for years on the way down. Things have changed now. There's minimal downside risk compared to the upside potential. My opinion, but I'm happily a holder of FPL
 
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