FDM 0.00% 1.1¢ freedom oil and gas ltd

Sadj oil is deemed to be profitable at the time of the reserve...

  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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