FDM 0.00% 1.1¢ freedom oil and gas ltd

the facts and figures tell the story, page-18

  1. 494 Posts.
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    Paul,

    MADs strategy is simple, they drill, they extract everything (and therefore individual well production decreases), they rework to a different zone, production increases again, etc, etc.....

    Production will continue to increase because (excuse the schoolyard language - der!) because they will drill more holes.

    The Gulf South investment is key to keep the cash burn down for the BAU wells but on any level this type of drilling is sustainable, profitable and successful.

    Cash used for the deep targets and hopefully some success there to be announced in the short term.

    With huge reserves, a growing BAU production, smart (and now focussed management), upside potential on the deeper targets....it bodes pretty well if you ask me.

    You just dont seem to get it....as usual.

    Snagger
 
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