FFM 1.19% 83.0¢ firefly metals ltd

I found the more impressive news on the investor presentation...

  1. 370 Posts.
    I found the more impressive news on the investor presentation release today
    -potential for 6 more wells to be drilled in 2010 under accelerated drill program, giving a total of 16
    -a reserves update due July with potential for significant upward revision
    -the 6 additional wells would be drilled in Sugarloaf and Ipanema
    -modest need for additional cash in 2010 to meet the acceleration (page 16)

    2011
    -accelerated option for 41 wells

    Also worth noting the increase in net acreage by 5% on the Longhorn announcement.

    This is called acceleration. Do the numbers on cash flow for 41 wells in 2011. Enjoy.
 
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