FDM 0.00% 1.1¢ freedom oil and gas ltd

IMHO the CR will be announced with the acquisition, or shortly...

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    IMHO the CR will be announced with the acquisition, or shortly after. Just my personal view, but I get the impression the acquisition will be for much more than US$500m. The shortfall will be made up of possibly another credit facility, a CR, and private equity.

    The quality & price of this acquisition is what will mould MAD's future. While oil prices stay depressed, as far as I'm concerned they can take all the time they need to get the right asset at the right price. Having said that, oil prices can turn quickly, it would only take one major event in the ME, so I hope they are mindful of this.
 
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