In Regards to the intelligent ones out there, me being the dumb...

In Regards to the intelligent ones out there, me being the dumb 1.

we and i saw We as the holders of over 1 year invested into a company promising drilling and projects and wells,

classics like we are waiting to drain the lake and drill a well a month.... to ZERO!!!!, now we are drilling off barges,

THE WHOLE TIME SHAREHOLDERS LEFT IN THE DARK,

also in relation to your 50bpd expected to be 100..... Keyword..... Expected, doesnt mean nothing when FUT managment state this,
Also you kindly forgot to mention to other people out there what % of that 50bpd is FUT's??? 25%?

50 barrels... lets go over the top here, ill buy it @ $200/barrel

50x200= $10,000/day multiply by 365days = $3,650,000 income
25% of that is $912,000 still not to bad considering the MC
take out working and extraction costs and still there is a little change left over,

BUT.......
we are not selling oil @ $200/barrel we are selling around $100/barrel, that would halve the income from the well, dont forget Barnabys 200k, off the bat all the $$$ is gone. so please dont try and make it sound like FUT is generating cash. and each well we dig is costing more and more,

$52,000 for the last 1 for a ZERO, plugged and abandoned.
Now the backbreaker
This well is costing
$106,000...... awesome... company is going places,
again there is stuff happening behind the scences,
AGAIN shareholders are left in the dark because there is NO WAY in the world they have not reached Target Depth, and if they have..... where is the news...???

i have learnt that a lot of a profile of a company can be determined by its managment,
i have other investments where the MD or CEO answers calls and emails re "The little Guy" and little things like this add to the credibility of the organisation.
FUT managment need to hang themselves, nothing short of a disgrace.

Again
i hope we hit oil and things go well for FUT, either way...
im out if/as soon as i break even,

if it looks like a dog....
and barks like a dog....
its a dog.

Most importantly DYOR!! it just might save you buying into a dog stock.

p.s
Geezer.... love your posts