FPL 8.33% 0.7¢ fremont petroleum corporation limited

Orion fPL don't even know if it's one under pressured fracture...

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  1. 15,774 Posts.
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    Orion
    fPL don't even know if it's one under pressured fracture or a few. Read the announcement , first it talks about 1 then says "these zones "
    Not concerned the Virgin territory is under pressurised? Also not concerned they are out of cash to even complete the well , and I think they know unless they get some good flow rates , the chances of raising anything meaningful is Buckleys . They bought the recent Florence field for over 2 m and they have had it for 3 months and were not even able maintain the production of 50 barrels a day . So they have some serious funding issues and that is all one needs to take from this announcement. Remember those slides showing 6 wells per annum , then 9 then 12. Fairyland bull dust
 
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