Cmon- that is simply because they really have nothing to report - after a year and another 1-2 m spent on development - the production still can’t cover costs , reserves haven’t really changed , the ability to get the oil out of the ground profitably is still a pipe dream , they have not drilled a new target despre promises of 6 news well a year or so ago , and before to long we will be in ELK mating season again and ofcourse they are once again short on cash and have disclosed to ASX they can’t fund their work program . The really have done nothing other than rework a few dribblers and paid themselves and ofcourse diluted the company again
FPL Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
