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Fresh Tracks Therapeutics Inc V.BBI


Primary Symbol: FRTX

Fresh Tracks Therapeutics, Inc. is not engaged in any business activities. The Company is in the process of dissolution.


GREY:FRTX - Post by User

Comment by Rosie61on Feb 15, 2017 11:46pm
380 Views
Post# 25853042

RE:RE:RE:More Drilling planned for 2017!!

RE:RE:RE:More Drilling planned for 2017!!I figure they have ~20 million left and will be flowing ~5,000 BOE/d soon, that generates ~7 million/month cash flow. Take out opex and other expenses and they should still have some significant cash (millions/m) on hand to cover drilling plans. Not sure why anyone expects they will need to dilute to drill. Now dilution or borrowing for infrastructure is perhaps necessary, but that's a different discussion. They got the money to drill IMO. Regardless, we should get a much clearer picture at the AGM, if not before. The well flow rates/netback ratios will be the key story and will determine future share price, along with Stage success. 
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