boring, page-4

When the share price was $10-$11 AED had 100% of oil field projected to produce 100 mllion bbl at 30000 bbl per day AED also had hedged production at $70 bbl oil price was $90 to $100 debt was around $300million?.

Now AED has 40% of same projected production, no debt, 300million cash, big kick arse partner in joint venture, hedging to expire around august, deal all but done, FIRB approval,Oil at $127 heading to $200+ bucks.

My ameteur conclusion is all going well this share could go back to 10 bucks?. I'm in at an average $2.04 seems to be going ok so far. OK its a risk might go pear shaped but I'm prepared to take a hit if I'm wrong. My 2cents worth.




I started out with nothing and I've still got most of it left