FDM freedom oil and gas ltd

share price v production

  1. 276 Posts.
    lightbulb Created with Sketch. 24
    Nov 10 Share Price : $0.22
    Total Production : 45,219 b for the preceding 1/2 year.

    Jun 11 Share Price : $0.26
    Total Production : 89,861 b for the preceding 1/2 year.
    1st Reserves Upgrade

    Dec 11 Share Price : $0.22
    Total Production : 132,083 b for the preceding 1/2 year.

    Feb 12 Share Price : $0.78
    Total Production : 140,000+ b for the preceding 1/2 year.
    + Reserves Upgrade.

    Reserves Upgrade is the biggest determinant to affect the +'ve SP - ATM.

    I think the production is set to come into the picture much more, now that market cap is growing and production numbers start appearing on more and more radars.

    Placement right now is a good thing for mine.

    Share price to rise well after a period of dust settling IMHO due to:

    1. A good placement story.
    2. Continual production growth (with a positive paradigm shift as a result of the placement).
    3. 3rd +'ve Reserve Upgrade


    Comments would be appreciated
    Cheers

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.