ACN 0.00% 28.5¢ acer energy limited

inp in for big time, page-13

  1. 3,935 Posts.
    Agree with all you say Paoloh.

    Can't see it stopping under 40 cents once the new team start making announcements.

    Page 4 of the AGM Presentation is worth reading.

    They plan to become a top 10 Australian Energy comoany by 2015.

    ? A full cycle E&P company focused on oil
    ? We will be operator wherever possible and will ?right‐size? our working interest to manage risk
    ? We will build a fit‐for‐purpose mature field operator with outstanding technical skills and a low
    cost culture
    ? We will start our build in the Cooper Basin ‐ where we have a competitive advantage
    ? During the first 18 months we will:
    o add selective quality assets with near term exploration prospects
    o work our Flax/Juniper asset hard ‐ focusing on production optimization, comprehensive
    completion review and trial wells ? with a goal to substantially increase production by end
    2012
    ? Upon achieving suitable value growth in the company we will consider selective M&A
    opportunities if appropriate

    Worth hanging on for the ride and very cheap under 19 cents.

    Cheers all,
 
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