FDM 0.00% 1.1¢ freedom oil and gas ltd

morgans report of 14/4 on website, page-71

  1. 2,647 Posts.
    Sadj oil is deemed to be profitable at the time of the reserve statement, using the parameters at the time. A company can still drill and pump oil even if its unprofitable, just means they use plenty of cash flow. Having a few unprofitable wells does mean the whole field is zero like Paul is saying. That's what I was trying to say
 
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