AZZ antares energy limited

agm vote management out , page-20

  1. 5,038 Posts.
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    Loogs,

    You're a far way off I'm afraid, you are getting drawn to BOE's that are BTU based, which means they are as much use as a chocolate fire guard.

    You'll be very very lucky if they are doing that in the 4th quarter (1400 bopd) nevermind the 1st quarter.

    Antares Gross oil production at the moment is 19,000 Barrels a month, that is under 500 bod net.

    As for them being cash flow positive as someone else said, just go back and look at the very long reserve report. It has some Southern Star wells at nearly 2 years to pay-out.

    The longest producing well is Lonestar and that has not been online 10 months yet. Although it should break even in well under 2 years on its current production rates.

    LOTM
 
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