FDM 0.00% 1.1¢ freedom oil and gas ltd

morgans report of 14/4 on website, page-8

  1. 2,647 Posts.
    paul, the problem you have with mad is you don't know how many wells are active, therefore its hard to workout the average barrels a day per well, but like you say it could be 10 -15 or it could be like I say 20 (80 active wells). Anyways lets not argue how low they are, but agree for the company to progress having wells pumping that low, and needing that many constant workovers, they would have to be uneconomic. If it wasn't for the gulf deal cash would have nearly been exhausted by now. And yeager wants to make this a pure oil production company and drop the drilling? Hes mad, cos gulf brings in good cashflow. The old contract drilling company use to bring in good cashflow
 
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