The next news should be the signing off of the agreement with Gulf (then its all systems go!)and hopefully some more detail on proposed wells. They did state in their last announcement that they had applied for permitting of 13 high impact wells in Blue Ridge, but I have no idea how long this process takes.
If all goes well the next quarterly should finally get production in a firm uptrend - in the meantime if they can start on the high impact wells you could get news anytime.
FDM Price at posting:
$1.05 Sentiment: Hold Disclosure: Held
