As maverick have said before, they are not too worried about production. The oil is down there, it's just a matter of putting down a few wells and pumping it out. Now they are sub-contracting the job out to Gulf. They have 60m in the bank, they don't have to worry. Maverick wants to find new reserves, do some wildcatting and find a spindle top. The Directors are approaching retirement, they need to find the big reserves , and sell the company, and retire mega rich. If Maverick was a compelling risk/reward play before, it must be even more so. II only hope it stays sub 65c for a while, so I can get more shares next week.
FDM Price at posting:
63.0¢ Sentiment: LT Buy Disclosure: Held