FDM 0.00% 1.1¢ freedom oil and gas ltd

Ann: Freedom More Than Doubles Year-End 2017 Proved Reserves, page-4

  1. 743 Posts.
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    I agree - if POO remains above $60 I see there being such me good upside the the SP.

    Also, if USA domestic demand heats up we could see POO go over $70 particularly as I believe Saudi Arabia want to have a high oil price for the IPO of the state oil producer.

    On the downside the decade in the wells currently drilled has been fast. I would like these to settle around the 500 BOED per well. Currently sitting at 550.

    When I have a chance I will compare the old MAD proven Reserves and SP vs the current FDM proven reserves and SP - unless someone has already done it and wants to share?

    I will be the first to admit I bought into the MAD reserve hype and good t a bit singed! This management have not hyped anything but are understated. They continue to deliver.

    2018 will be interesting- currently market has not build into the SPthe 4 new wells being drilled - first underway at present nor the doubling of reserves IMO. I expect a slow track up to the mid 40’s pending the announcement of the wells being completed.
 
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