FPL 8.33% 0.7¢ fremont petroleum corporation limited

Ann: Quarterly Cashflow Report, page-38

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. 6,312 Posts.
    lightbulb Created with Sketch. 425
    IMO, I think not Junior. Besides the rock structure has not changed and has been known for a long time. The Wattenberg Field comparisons have been used before.

    Its hard enough to get "homogenous" geology within a county let alone homogeneity from hundreds of miles away. The EFS, Bakken, Delaware, Midland and DJ Basin's proof of that. Many have "explored" Greenhorn, Codell, Ft Hays, J Sand - see Bonanza Creek Energy (Ch 11 reorg) and Synergy Resources now named SRC Energy for presentations.

    Sonnenberg's paper is here - lots of references you can read up on
    http://www.cspg.org/cspg/documents/Conference Website/Gussow/2015/Gussow2015_Abstract_Sonnenberg.pdf

    It's a bit of marketing along with a "free look". Good to generate interest and "upside potential". Its comes to the same point - who will risk capital on that play when there are plentiful others which appear to offer less risk and higher reward ... that's the choice isn't it.

    A much better prayer is for the Bird to hit oil and avoid the gas pockets.
 
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.