AED aed oil limited
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  1. jto_1
    63 Posts.
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    18/05/08
    19:27
    Post #: 3730803
    Yes, the chinese valued the Puffin field at 1Bn.

    When the SP was 2 dollars the company value was about 700m

    700m = 300m (shares x price) + 150 (convertible notes) + 250 debt (AP and long term)

    At 3 dollars the company value is higher (perhaps 850m) however still less than what is offered by Sinopec
    AED Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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