FPL 8.33% 0.7¢ fremont petroleum corporation limited

Ann: Corporate Update, page-13

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  1. 3,905 Posts.
    lightbulb Created with Sketch. 47
    Lot of bold type but don't see what you are explaining to me.

    They state they currently produce 70-80 barrels of oil per day and will be at 100bopd by next month, then also state they will listing for sale an asset currently producing 20bopd.

    "The Company has commenced the process to sell its Kentucky producing wells which currently produce at rates of 15-20 barrels of oil per day"

    So Kentucky is not one of their current producing North American assets of 70-80 bopd then?

    Smoke and mirrors with this lot and I simply asked the question if they were being deceptive again. So you can confidently tell me that after selling the Kentucky assets they will still be producing 100 bopd..(through a pipe somewhere of course)

    Anyways, who really cares, this next capital raise ain't gonna pretty is it...enjoy the smugness while you can Bevter, not like you get to poke the head of the FPL hole very often is it
 
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