AZZ
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0.00% $7.50 antares energy limited

Ann: Yellow Rose - A Successful Discovery , page-63

  1. sushi1
    6,389 Posts.
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    12/06/09
    08:31
    Post #: 5269975
    I just wonder how the economics of the wells will work out and how the market can justify the current market cap of AZZ at around $80 million or so and the addtional debt.

    It is going to take a lot more than 1mmcf per well to justify that value and to recover the cost of drilling as well as make a profit.
    AZZ Price at posting: 37.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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