FDM 0.00% 1.1¢ freedom oil and gas ltd

Fleasbarn with respect I do not believe that anyone can be 100%...

  1. 257 Posts.
    Fleasbarn with respect I do not believe that anyone can be 100% confident that the opportunity cost of fully funding the best wells with MAD's strong cash balance exceeds the the opportunity cost of farming down the best acreage to focus capital allocation on the high impact program. My thought process constantly comes back to MAD's focus on searching for more oil when they supposedly have massive proved and probable reserves. It just doesn't make sense to farm down reserves while well capitalised and holding a massive inventory of proved well locations to focus on exploration drilling. That is, pick the low hanging fruit first before searching for a new source of fruit!!!! I've never seen an example of this and despite extensive searches I still can't find one other relevant example.
 
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