When they quote costs to drill and supposed economics they forget to mention it costs them 100k plus GST to raise funds each time they drill a well or two .
Now for those of us they can read AKK/FPL management speak raising money drilling program and working capital can be interpreted as raising money for one well and salaries
Note they are nice enough not to even pretend that the money will be used to drill more than one well.
And how will the one we'll change the financials - answer it won't
FPL Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held