Can't help but wonder what it is i'm missing with FDR. Some of these other explorers like 88E and IVZ have market caps around 200mil (lets not talk about where 88E used to be).
IVZ literally has one prospect and its mapped on 2D seismic! How does a company like FDR fly under the radar with several projects (all of which are covered in 3D seismic), a few of which have joint venture agreements in place, immediate drilling (of which they're costs are heavily subsidised), and a market cap just over 30mil???? Not to mention the UK North Sea acreage they managed to snap up when the industry was down. That's starting to look like a stroke of genius given the change in sentiment we're now seeing from the UK government.
Kanga spud must be imminent...expecting this thing to catch a bid!
Can't help but wonder what it is i'm missing with FDR. Some of...
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