The ann. today (Analysts Presentation) by AED makes it clear on p25 that we shouldn't expect production to resume anytime soon from this extract:-
"The Puffin and Talbot Fields remain core to AED Oil and the Company believes that significant value can be unlocked from these assets – A quality oil province – A deliverable development plan with potential for production within 18-24 months from selection of preferred development alternative"
We now look more like an exploration coy. than a production coy. If u got on board recently and are patient u might be rewarded but if u've been in for 3 years or more then ur patience is about to be tested.
The field development plans on p23 sugget that a CR will be required at some stage for AED's share if these plans are to be executed.
ANZ
AED Price at posting:
55.0¢ Sentiment: LT Sell Disclosure: Held
