RE:Q3 and New Investor Presentationi would have liked to hear more about the non brokered placement which is under consideration. Since the closing of this most recent aquisition is early December there is not a lot of time for announcements in this regard. They probably have some interested party/s already so i am sure there will be more news sooner than later. With production doubled and expenses reduced 50% we will be close to break even at current prices. Thats incredible. Also, the aquisition price is a bargain when you consider the production and the proved and probable. Even a slight increase in the price of oil will pay off big time. If we see 60 to 80 by 2017 look out.
the share price will catch up with the real NAV eventually. The "pessimism" is wieghing heavy just now and is a temporary condition. I am very encouraged how the FEN team is focused on benefiting from the current realities. i think exiting 2016 with 1000 bbls is very conservative. We have doubled in the last 6 months. I wouldnt be surprised if we end 2016 well in excess of 1000bbls.