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8.33%

0.7¢ fremont petroleum corporation limited

Unfortunately i think you already know the answer @Eddie30

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matyd

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14/03/18

19:54

Post #: 31757365
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Originally posted by Eddie30 ↑

In its activities announcement of 31/01/2018 the company stated -

Fremont in advanced discussions with a local industrial Company to sell large amounts of gas being produced from several wells in Fremont’s Pathfinder oil and gas field
• The Company is working towards a binding Gas Purchase Agreement to be finalised in the first quarter of calendar 2018 with first gas sales targeted for mid-2018

Given that the company has been supposedly working towards such sales well before this announcement was made and were in advanced discussion at least as at 31/01/2018 surely they should have been able to achieve some sort of outcome in the intervening 6 weeks. There are now only 17 days left in the first quarter and as oil prices have risen to over $60 per barrel surely they should have been able to achieve some sales or is the only gas available being that emitted by the Directors, which like all of their other predictions, have failed to eventuate.

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Unfortunately i think you already know the answer @Eddie30

FPL Price at posting: 0.7¢ Sentiment: None Disclosure: Not Held
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