Everest2011
Note your comment on negative quarterly cashflow.
In developing a producing asset it is quite usual to invest capital to produce future income. If MAD was spending money and the oil flow was falling that would be a cause for concern.
My understanding that wells in these fields are lowish producers but are more of an annuity play where the cash is recovered and then keeps flowing over a longer period.
As I see it we are now in the ramp up phase as the MAD development and high impact drilling picks up after a difficult H2 in 2012.
- Forums
- ASX - By Stock
- FDM
- quarterly
quarterly, page-18
-
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FDM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online