FPL 8.33% 0.7¢ fremont petroleum corporation limited

Ann: Quarterly Cashflow Report, page-93

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  1. 1,390 Posts.
    lightbulb Created with Sketch. 17
    Cmon..rest assured I have no interest/knowledge about social media..

    Clearly, you may be right in regards to "oil in Texas backyards"..but can
    you drill at around $400,000 per well to find out.??..or would a typical well
    quote be around $3,000,000..plus..that ongoing posters that have lost
    money over the years with this stock continue to be so aggrieved about..!!

    Clearly.production infrastructure regarding gas flows may well be an issue
    however with any "gas free" commercial oil production perhaps coming into play
    within shallower play..may well help to mitigate but not eliminate as an issue etc...

    I guess at end of day, the fact that an independent driller has come on
    board to test deeper Formation,almost as a goodwill gesture in terms of cost,
    says something in terms of trying to overcoming issues that are of concern to you..in regards
    .to perhaps a potential new economic deeper zone of production.??

    Results, as we know are not guaranteed..one way or the other..!

    Cheers
 
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