Good evening gents and ladies. I used to be a FUTballer too but got out asap when things turned bad months ago. Licked my wounds and learnt my lessons. However, this is a speccie and will be for a long time. I think it is now at a level where I am prepared to give it another go. Why? 1. it really can't get much cheaper. 2. I like to look on the bright side of things. 3. the last ann from May 3rd does give an indication of what is coming up, ie "Drilling is planned to commence in May; the first prospect will target three Wilcox sands in LaSalle Parish, Louisiana." 4. Looking at the charts of FUT it looks to be reaching a point where there MAY be an upward pressure on the sp. 5. "The Catahoula Lake project is located in LaSalle, Rapides, and Grant parishes, Louisiana and is targeting multiple stacked oil zones throughout the Middle-Wilcox formation at depths ranging from 4,500 to 5,500 feet. Wells drilled in the Middle-Wilcox exhibit long production lives with low decline rates after the initial flush oil is produced and relatively steady production is established." 6. "Ultimate oil recoveries are expected to range from 50,000 through to 200,000 barrels drilled from land locations and in excess of 250,000 barrels for each successful well drilled from lake locations." 7. I like to look on the bright side of things and $500 is not that much.
FUT Price at posting:
0.3¢ Sentiment: LT Buy Disclosure: Not Held
