I was looking through my portfolio to clear out the duds and justify the keepers. i thought that FUT might be a sell until I reread the updates and found this paragraph from 17 december announcement. "The initial well in the Atocha Project has proven the existence of hydrocarbons and did produce natural gas albeit not in commercial quantities. The information gathered towards drilling a new well up-dip to the HM Brian No.1 well is now compelling and demonstrates that the Atocha Project covering some 6,400 acres is a viable exploration project. Planning of the second test and the first new well to be drilled in Atocha will begin immediately. Work has begun on choosing the second test location through evaluation of new geological and engineering data acquired from the HM Brian No.1 along with fresh geophysical interpretation of the seismic data. We expect to begin drilling the first new well in Atocha in the New Year."
I believe that this is a keeper.
FUT Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
