You have to give AED time to re-establish stead flow from the field post re-connection following the cyclone.
One would hope for a positive announcement inside the next week to 10 days from now.
If we hear no news from the company about the new stead oil flow expect the worst, ie under 5,000 bopd.
Other than a dead cat bounce trade from one buck to just under three bucks over the last week or so, the underlying fundamentals for AED are still terrible.
As I said before I buy any AED shares we need to see the Director buying as it now a lot cheaper than when they sold at around five bucks or so.
Good luck
PC43
AED Price at posting:
0.0¢ Sentiment: LT Sell Disclosure: Not Held
