Australia's largest stock trading and investment forum Australia's #1 stock forum

FPL

Click for more information

8.33%

0.7¢ fremont petroleum corporation limited

And again simple mathematics which probably my 10 yrs son would...

First 16 Last

Share
Profile

Follow
thecore

1,906 Posts.

10

15/05/18

09:05

Post #: 33093874
Share

Originally posted by Load ↑

The Haitian mob have a rich resource. That then makes it a viable project if they ever get the permits to mine.

FPL have permits and infrastructure, but do they have a project? 3300 barrels of oil per month (M$3 rev per year) is not a feasible project when the last half yearly shows a loss of M$8. Its just simple math - ingoings vs outgoings. Helluva a lot fo catching up to do just to break even.

If you dont know what people expect from directors, then about time you started to look at how other oilers operate - OEL, BYE, 88E, FAR, PVD, just to name a few. And the two directors of PVD are pulling around $80K salaries whilst they are in shell mode shoring up deals. Those companies have good fiscal management, dont keep having CRs (except 88E but they are on multi billion barrel reserves) , and get on with the business of proving up reserves, drilling, extracting, and making money. Something FPL cannot seem to do.

Expand

And again simple mathematics which probably my 10 yrs son would be able to do. No company specially an oil company could have survived or made money when your cost 60 per barrel and on market price per barrel is was way lower then the break even point.
No offence mate. But This one was very unintelligent post!

FPL Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

GWA

Havilah hints at resource expansion from Muturoo drilling in SA

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 30 more messages in this thread...

First 16 Last

Add FPL (ASX) to my watchlist