oh oh is a cap raising coming, page-2

don't think they will pursue a capital raising. farm-in will provide equity. they have already said they have received significant interest.

imo aed is way oversold. take a look at roc for example, 21mboe and a market cap of more than $600m

quarterly report is very positive. remedial action has potential to lift puffin 7 production by 2-3x.

+ puffin NE expected to come on stream in third quarter, adding 20,000 bpd to current production

so aed has the potential to be producing 40,000 bpd by the end of the year. with operating costs of $33, and operating margin of $50 per barrel is realistic.

that would give $2m operating profit per day or $700m operating profit per year. current market cap is $320m

so by my calcs aed is potentially a $20 stock.