FPL 8.33% 0.7¢ fremont petroleum corporation limited

Oil shortages and increasing cost per barrel in the US can only...

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    Oil shortages and increasing cost per barrel in the US can only benefit FPL

    https://www.bloomberg.com/news/articles/2019-03-20/oil-s-rally-stalls-below-60-as-u-s-china-trade-jitters-return?srnd=premium-asia

    In the last quarterly the company reported average production of 108 BOPD, with JW Powell Well now producing and contributing an additional 220 BOPD the Apr-Jun qtr should see total production of 29520 BOPD approx. Based on an average of $60 US per barrel that equates to revenue of $1,771,200 for the qtr.

    If the remaining drilling of 1200 feet at Amerigo Vespucci #1 well planned to be completed in April 2019 is successful further BOPD production increases will be seen.
 
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