Australia's largest stock trading and investment forum Australia's #1 stock forum

FPL

Click for more information

8.33%

0.7¢ fremont petroleum corporation limited

Ann: FPL Completes $5.1m Placement, page-37

First 37 Last

Share
Profile

Follow
Dianella 68

717 Posts.

24

28/03/19

16:16

Post #: 37916939
Share

Originally posted by Sector ↑

Dianella, forgive me for being a bit more positive LOL
They do have production in Kentucky still (which was on block but never sold) and from memory they only got 52?? boepd from Incremental for US$2m!

So after you add Kentucky and a couple of the earlier wells + HZ1 which did flow a little until shut in, they manged the over 100 for awhile.
But then you have to approx minus 25% for NRI then add taxes.

What would be really telling would be how much they have spent on wells in Pathfinder for what looks like 25 boepd if you minus Incremental and Kentucky. They'll never make the money sunk into HZ1 back after this long.
and the longer it goes until they get revenue, the payback moves to forever land on all those old wells.....
The cheap quick Pierre wells seem to have been a major fizzer....hence new approach yet again...but fracking aint cheap in them thar hills.

It would be way more than $20m all up already incl. G&A, maybe closer to $30m as they have put about $5m + into HZ1 alone.

Lets see if another $8.85m in 6 months can make any difference.

Expand

Yes your right.
My bad.

About 50 bopd from approx 25 wells they bought off Incremental.

Plenty of gas at Pathfinder but is it commercial and how much to find out?

AIMO.

Jim.

FPL Price at posting: 1.4¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 47, 2024

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

There are more pages in this discussion • 3 more messages in this thread...

First 37 Last

Add FPL (ASX) to my watchlist