You know JTRAIN..... there's a saying that you may or may not have heard.... It's better to say nothing and be thought a fool, than to speak and remove all doubt. You should heed that.
I'll just put down a few bullet point for you and then you can go do some research and see just what you should have learned before going to your keyboard.
1. EF wells are currently costing us around 4.5m (as they were last year) and the TMS 10-13m
2. FDM wells are currently 85-90% oil and being paid at LLS rates and have been since the first well (% and rates) So go do your homework and read the facts buddy. The facts don't changes even if they don't fit your story.
3. The pipeline goes right past the current 6 (and next 6) FMD wells and ALL pipeline capacity is already booked at extremely low rates and NOT on a take or pay basis (if you know what that is, probably not).
4. No, sadly, only 25c to $4.25
5. I suspect you need to read the quarterly and you'll just weep.
Finally...... you were celebrating getting a WHOPPING 75 mil capital at 'reasonable' rates .... pathetic and hilarious, work of real kids. FMD has 500 mil at 2% locked in from Wells Fargo for activation in a couple of months time. This is a real oil company in a real location, rather than a hobby farm in the back streets....
You're such a funny guy, you gave me a great big belly laugh, while making yourself look exactly like the uneducated I was referring to.
Perhaps when you too have been around this business 40 or so years, you might learn to read first - type second when you know what the heck you're talking about, which you clearly DO NOT.
Mast be past your bed time now.... nighty night
ATS Price at posting:
54.0¢ Sentiment: None Disclosure: Not Held
(20min delay)
