AZZ antares energy limited

It's on the AZZ website. Have a...

  1. 3,935 Posts.
    It's on the AZZ website. Have a read.

    http://www.antaresenergy.com/wp-content/uploads/2012/02/2012-02-15-Stock-Analysis-Market-Moves.pdf

    Subscribers looking for the ‘next’ Maverick might like to look at Antares Energy
    (AZZ). Antares currently holds about 27 mmbbls of 2P reserves, mostly on its
    Southern Star oilfields in the Permian Basin around Midland, Texas and produces
    about 1,300 BOEPD, consisting of about 80% oil. With lease holdings approaching
    30,000 net acres in three project areas, StockAnalysis estimates that Antares has
    potential to expand its Contingent oil reserve to over 78 mmBOE in the Midland area,
    which would place it up there with 2P at Maverick’s salt dome fields south of
    Houston, Texas. Maverick is producing around 950 BOPD and has 2P reserves of 72.8
    million barrels of oil. MAD’s EV is presently about $295 million, while Antares has an
    EV of around $135 million.
 
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