FDM 0.00% 1.1¢ freedom oil and gas ltd

Paprika can you please explain to me how negative cashflow of...

  1. 257 Posts.
    Paprika can you please explain to me how negative cashflow of 5mm for quarter is just about positive? My school of thought calls that negative cashflow. The market seems to disagree with your view that this was a good result.
    The cash burn is particularly high if you strip out revenue and free carried wells to determine the capex per well. 5mm cash burn less 5mm revenue less 4mm carry means they spent 14mm drilling 23 wells. Seems like much more than their oft quoted 250k per well to me???
    Short and staying short for the time being on another disappointing quarterly.
 
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