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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 Tuco110on Dec 16, 2019 1:23pm
215 Views
Post# 30459944

RE:RE:$.32 in 1 week and a new Presentation

RE:RE:$.32 in 1 week and a new PresentationFor the 33,000boe/d they have to build the east battery first which will be summer of 2020, to be paid for by Tidewater. After that it's just a matter of drilling enough wells to support the production. With declines and well variability they probably have to drill another 30 wells,( they have 20 online now), by the end of the year they will already have another 9 wells drilled and completed so that leaves another 21 wells to drill and complete at $7.5mil per well which adds up to $157mil. I think we're looking at summer 2021.
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