FPL 8.33% 0.7¢ fremont petroleum corporation limited

In order to further illustrate the fact that maybe the "not...

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  1. 1,390 Posts.
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    In order to further illustrate the fact that maybe the "not held/sell' support
    group maybe being a little unfair.To be sure, Texas was a bad deal in the end...
    and any "minority' partner in the "shale " drilling environment will soon
    find out you need deep pockets..as AKK found out..Today if AKK had of
    maintained it"s Texas position the scenario would be each well may have cost
    it at least $1,000,000..and if successfull would require around at least a
    production rate of 400bls/day..to cover costs ..and even then AKK would
    only have received 30% of revenue...bad deal in low oil price environment..

    Current....100% ownership of revenue,modest drill costs etc.,proven
    adjoining field development..of course there are risks..but I think
    stock worth another chance..

    Cheers
 
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