GDN was all about hype and speculation, but the estimates predrill were the same. Nothing will be known until production testing occurs and it remains a punt based on speculation around success until proven. GDN was $1 plus based on speculation around gas shows with similar estimates on success. FRV has good gas shows and large gross oil shows with potential for 100-300bcf and 15mbo. The only difference is no hype or speculation frenzy like GDN had, which is the odd bit. I will hold until testing completed and would expect more interest closer to that time. It commences end of month maybe 26th. Who knows how long it will take for results? Obviously SP will be greatly higher if gas/oil flows during those tests. strike and apache have acreage close by.
FRV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
