FDM freedom oil and gas ltd
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morgans report of 14/4 on website, page-2

  1. Paul100
    3,702 Posts.
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    16/04/14
    14:20
    Post #: 13258767
    Morgan's has a 60 cent valuation.

    Most of the 60 cents comes as a result of this assumption

    "We currently value MAD utilising a DCF, assuming a well profile for the Frio wells of ~20bopd and ~6 pay zones per well and the production of 62mmbbls of oil"

    History shows that ave 20bopd cannot be achieved.
    FDM Price at posting: 29.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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