HY report out soon which will re confirm AED's true net cash position after current tax liabilities and conv note debt is subtracted.
As for value of oil in ground....
If you cant get it out profitably its worth nothing
The decision not to go ahead with remediation at P-7 &8 says it all.
Might be worth a punt late 2009 ahead of attempts to develop P-11.
now are they in negative cash flow and losses, page-20
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