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

Yes your right. My bad. About 50 bopd from approx 25 wells they...

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

GRL

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

PCL

HotCopper users react as Pancontinental Energy's trading halt lift reveals little

WC8

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

CMB

Asian Battery Metals uncover second massive sulphide discovery at Mongolia's Oval play

ASX Market Open: Aussie market to leap on best 'Trump trade' bump since election day | November 22, 2024

CAF

IP anomaly thrills Cannidah with project extension hopes in QLD

C1X

iTech inks deal with Chilean lithium giant to progress Reynolds Range

BTH

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

MIN

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

ALY

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

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

First 37 Last

Add FPL (ASX) to my watchlist