FPL 8.33% 0.7¢ fremont petroleum corporation limited

FPL On the way, page-25

  1. 1,384 Posts.
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    So team I've done a bit of digging under the old code: AKK.

    I must admit a lot of grumpy shareholders, but can't blame them. From these prices though they seem to be turning things around.

    Firstly, I can now answer my first question, there are only 197,000,000 shares on issue! - Report released 5/6/17. Virtually nothing That's good for us existing holders. In regard to the number of shares on issue I cannot find any other reports after that date regarding the issue of more shares/options.

    We can also expect another 8 wells to come online this year.

    Regarding these wells, the first sale of our oil and gas are predicted to be completed and signed off in the next 60 days, with actual exportation to our customers around July. As a result, I have come to the conclusion that we should technically be able to become cash flow positive around late this year, September-December. Which means this could potentially be the last capital raise required, depending on how much they are attempting to raise. In saying that, what other company will be cash flow positive with say around 300-500m shares on issue (includes an estimated dilution from cap raise)? I'm going to participate in this capital raising if they open it to the public, because it will be a steal of a deal

    I also notice the company releasing figures that the current market cap is 8m and already earning 80k revenue per month. Not to forget we are already past exploration phase and are actually drilling an economical resource

    I don't particularly want to regurgitate all the exact facts and figures from all the announcement as I'm sure many of you have already previously read these.

    But one that must be highlighted is managements plan to increase the revenue a month to $1,000,000. That means when producing this size of revenue, in 8 months, we could double the market cap of today's value! +100%

    Let's also not forget that that sort of income would then give us the ability to start pursuing further acquisitions and projects, thus, increasing the value of the very small limited number of shares on issue.

    I believe the next 12 months are going to be very exciting times for all us shareholders and those involved with FPL.
 
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Currently unlisted public company.

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