where to aed, page-18

Hi BB -just to check your logic

60% sold means in effect that there will be ~450m shares on issue. Share price of $5.00 will mean mkt cap of $2.25Bn. Assuming that AED is valued at $20 per barrel of 2p reserves would therefore require 2P reserves of 113M..

I guess it is certainly possible if they can get SW back on track and have some exploration success over the next 12 months.

Lets hope it all works out well. One thing I can say is that for NWE holders, at least they have aligned interests in wanting the Puffin field to contain a shite load of oil.

Cheers
Zinc

Cheers
Zinc