FDM freedom oil and gas ltd
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Everest, I guess we have to wait and see, in March quarter, the...

  1. tommyxu
    418 Posts.
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    31/07/13
    08:15
    Post #: 12132430
    Everest, I guess we have to wait and see, in March quarter, the total cash outflow is $9.69 million and in Sep Quarter it is $9 million. In the last financial year, the quarterly cash outflow is usually below $8.5 million.

    I will say,on average this company burn around 10 million cash a quarter which means they need to produce around 1700 BOPD to achieve cash flow neutual.

    It is not that bad and we really have to wait and see at this stage.

    Cheers.
    FDM Price at posting: 40.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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