AED 0.00% 14.5¢ aed oil limited

management need to fess up

  1. 1,079 Posts.
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    A friend of a friend of a............. told me last year that the P-7 well is repairable. The problem is the cost is going to be a lot higher than most suspect.
    Management needs to put their cards on the table and acknowledge this fact.
    Now they have the money to carry out the repairs they should be releasing something along the lines of


    It will take X dollars and X months to unimpair(???) the P-7 well but assuming it all goes OK we expect X BOPD.

    Even if production gets to only 8-10k BOPD with only 40% of the action at current POO we have ourselves a profitable oiler!
    The above and the need to start talking up the Talbot field would go a long way in restoring confidence.
    As for the sp itself what can one say. With 350 BIG ONES sitting in AEDs bank account my associates and I are only too happy to average down.
    If they're dumb enough to sell we are smart enough to buy.
    Bring it on!
 
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