FPL 8.33% 0.7¢ fremont petroleum corporation limited

Ann: Drilling Update, page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,261 Posts.
    lightbulb Created with Sketch. 103
    If I read it correctly the well is being drilled to intersect the oil at the bottom of the fracture zone. Should this be the case and the fracture zone is pressurised by gas then the gas pressure will force the oil downwards to where the well penetrates the fracture zone and subsequently up and out the top. IMO that they will find oil in the fracture zone is a given, whether it will produce as I've speculated is not. Should I be correct on both suppositions it will serve to compliment our (again imo) very capable directors.
 
watchlist Created with Sketch. Add FPL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.