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Saturday, November 23, 2013 11:43:00 PM
the 12 to 13 mil in revenues that will come in,,,,,,if oil prices dip to 80 dollars a barrel we are still talking we are still talking around 10? mil in revenue......whats the profit there?? My GUESTIMATE would be at least 5 mil to 6 mil.....so at most in 3 years<maybe in two by reason of previous tax losses> they pay this off just from those funds alone not withstanding any new huge expense.
this would offset the cash flow I hoped for but at least they become less of a going concern with a better balance sheet than today and that big carrot on a stick which is sc72.
if sc40 was successful we would be all sitting pretty right now but it is what it is.....here below is a link to a forum chat room via LSE website.....its good to add a few converts thru there or bring attention to fecof as well. Sharing info is always a good thing.
http://www.lse.co.uk/ShareChat.asp?page=2&ShareTicker=FEP
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