You are right if AED produces 20,000 Bbls per day the shares are worth a lot more. The key is will the company produce at that rate.
We need the following to occur.
1, Weekly oil and water production figures.
2, You remember the Senior Director sold lots of shares around 5 bucks I think. If these guys like the company so much and it’s on going success they should now buy back these shares at a cheaper price.
If the above two things occurred I think we would then see the shares start to motor north.
Otherwise the shares may bounce like on Friday, and then just drift lower on uncertainty and lack of confidence in the company predictions.
Cheers
PC43
AED Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held