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0.00% $7.50 antares energy limited

Ann: Antares Acquires 7,680 Permian Basin Acres , page-27

  1. The Alchemist
    1,740 Posts.
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    01/04/11
    13:03
    Post #: 8198553
    re: Ann: Antares Acquires 7,680 Permian Basin... 1. Still have 4M shares to buy back
    2. More deals in negotiation phase
    3. Oil price over $100/bbl and not likely to fall below $90
    4. With 2 more deals this size it gives them potentially 60 mmbbl recoverable which allowing for 25% royalties comes back to 45 mmbbl
    5. At $10/bbl that's a lot more than the current share price.
    AZZ Price at posting: 42.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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