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Nunso

43 Posts.

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23/07/18

22:07

Post #: 34527062
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Originally posted by jtrain ↑

Reserves release on 20 Feb 2018 quotes liquids reserves being 75% and oil 55%...?
http://www.freedomog.com/wp-content/uploads/2018/04/FDM-April-2018-Fact-Sheet-vF.pdf

The company does not currently meet conditions precedent to access the Wells Fargo facility however hopes utilise the interim high cost Ramus Capital facility to book sufficient reserves, production and cash flow to begin accessing the WF facility. I doubt they’ll get access to the full amt immediately; they haven’t yet been able access any despite their apparently stellar assets and results.

You’re well capex results maybe right in theory though FDM reported spending over US$13m on the two producer wells over the Jun Sep and Dec Qs in 2017.

Nevertheless you have missed my point entirely: well costs will fall in the TMS as activity and industry learning picks up just as they did in the EF and Permian since the peak of the last oil price cycle.

As for your LNG win; we’ll done on nearly picking the top. Again you missed my point: LNG management never crystallised value for their assets for all shareholders. I contest as there was none or at least not +$4/sh worth as has since been proven. Yet the AUT management team did.

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Sorry... You clearly can't understand simple figures and keep up to date, and clearly you don't want to understand the requirements for WF that have been well known and publicised from 2016. You also don't understand the funding arrangements nor do I think you have the capacity to.

TMS is, always has been, and always will be 2nd tier.... sorry but just the truth.

Your input is so pointless that you're now on my blocked list so I don't waste my time reading drivel.

ATS Price at posting: 54.0¢ Sentiment: None Disclosure: Not Held
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Exit Stratergy, page-25

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