Nice price action after earlier rejecting a supply test -...

Nice price action after earlier rejecting a supply test - quickly wiped 1.1 & now trading 1.2 again.

Seems the path of least resistance is now north given it's retested the BO zone (1.1) & kicked higher again.

The entire junior O&G sector is seeing very nice tailwinds & FPL is arguable the most undervalued of the lot as per my previous post - https://hotcopper.com.au/threads/an...4283142/page-30?post_id=34169370#.W0bKFWcViJA

Some nice additional press late yesterday on the additional acquisition - https://smallcaps.com.au/fremont-petroleum-grows-oil-acreage-position-colorado/

They specifically mention the following quote:
"This cumulative initial 24-hour flow rate of 4.13mmscfd has led Fremont to believe the Pathfinder field contains a much greater resource than its current estimation of 220 billion cubic feet of gas.

Colorado-based consultants Gustavon Associates have been engaged to conduct a new independent oil and gas reserves and resources report for the Pathfinder property, which will now incorporate reserves and resources associated with the newly acquired land"

I'm loving the bullish signals the company is projecting at every opportunity re: Resource Upgrade. Internally they must be supremely confident of delivering a material upgrade... what material looks like is clearly the million dollar question...

I am looking forward to 2 major announcements in the immediate term being:
- Resource Upgrade
- June Oil Report

Then there's the quarterly at the end of the month.