FDM
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0.00% 1.1¢ freedom oil and gas ltd

>the inability to continue converting reserves into>production...

  1. david75
    1,126 Posts.
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    30/12/12
    16:33
    Post #: 11236168
    >the inability to continue converting reserves into
    >production does look to have caused the reversal in the SP

    Production was never going to meet the markets expectations. If you look back to the reserves upgrades and production rates, costs to drill wells etc it looked overpriced.
    FDM Price at posting: 71.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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