AED Oil- getting back on track

**scorp57** · 08-10-2008, 12:27 AM

Sorry guys i searched for the old AED thread but couldn't find it.

Just wanted to know what everyone thought of their latest drilling results? the guys on hotcopper are extremely excited. i am still toppin up on these...

anyone still following AED. or NWE for that matter?

**colinm_au** · 09-10-2008, 04:36 AM

The drilling results sound very encouraging to me !!!
A 25M 'new oil zone' in the LK1A sandstones may result in a significant reserves upgrade for the SW although new 3D seismic will probably need to be shot. I am hoping for better things from the lower formations - but in this market will anyone care!!!

**scorp57** · 09-10-2008, 05:02 PM

hmm well AED has held steady at about $1.50 throughout this crisis. i think they will bounce hard if the market ever has an upswing.

As others on HC said, Sinopec obviously knew more than the market did, and are fast tracking the puffin fields to get the good stuff out.

i am accumulating more at these prices. one of the cheapest producers going around.

**Crypto Crude** · 19-03-2009, 08:16 AM

check this out...
AED's market cap is 90 million dollars...

it has 264million dollars of cash (and equilivants)....

Production assets of 118 million dollars worth of crude production not yet sold (it held back selling produced oil claiming low prices, and did say it was selling this period)...
other income of 33m, (interest income, foreign exchange gains)....
it has had a sharp fall in overall production, and recent poor drilling results have write down of puffin assets by 86 million...

Ive only breezed over the report out a few days ago...
looks like an absolute ripper...
a few negatives in there, positives MUST out weigh negatives...
it seems not!
share price falls sharply of late.... share price remained stable between one dollar and 80cents over the last 5 months...
sharp falls continue this week...under 60cents now with the downward spiral of this once mighty aussie oiler...
boy how things change...

one dollar to 10... 10 dollars to 60cents...

.^sc

Corporate · 19-03-2009, 08:27 AM

Originally Posted by Shrewd Crude

check this out...
AED's market cap is 90 million dollars...

it has 264million dollars of cash (and equilivants)....

Production assets of 118 million dollars worth of crude production not yet sold (it held back selling produced oil claiming low prices, and did say it was selling this period)...
other income of 33m, (interest income, foreign exchange gains)....
it has had a sharp fall in overall production, and recent poor drilling results have write down of puffin assets by 86 million...

Ive only breezed over the report out a few days ago...
looks like an absolute ripper...
a few negatives in there, positives MUST out weigh negatives...
it seems not!
share price falls sharply of late.... share price remained stable between one dollar and 80cents over the last 5 months...
sharp falls continue this week...under 60cents now with the downward spiral of this once mighty aussie oiler...
boy how things change...

one dollar to 10... 10 dollars to 60cents...

.^sc

SC I don't think the $118m is crude inventory. That is the production property assets. Crude inventory is much less at $11m

**Crypto Crude** · 19-03-2009, 09:08 AM

you are absolutely right...
breezed through it I said...

.....
3 times as much cash than market cap...
Market is discounting puffin big time...
Peter Strachan was right...

.^sc

**shasta** · 19-03-2009, 07:21 PM

Originally Posted by Shrewd Crude

you are absolutely right...
breezed through it I said...

.....
3 times as much cash than market cap...
Market is discounting puffin big time...
Peter Strachan was right...

.^sc

Has AED paid the tax on the sale of it's permit(s)?

If this is the case, i'm more than interested

**Crypto Crude** · 19-03-2009, 09:25 PM

shasta,
Sinopec paid north of $3.50 for their stake in AED...
actually closer to $3.70....
Id say AED is a reasonable punt at these prices.... south of 60cents per share...wow... ive watched it at 7 bucks..... 6....5....4....3...2 bucks... 1.50 bucks... 1 buck... seen it trend at 80c-$1 for ages.... 75cents... 70cents... didnt say nothing at 65cents.....didnt say anything at 60cents.... saw it fall through 60cents...
57cents...
and then posted...
I said nothing for yonks...........
who cares that I wasnt totally researched on the numbers...
I said it...

???

I wasnt over rampant.... I wonder why I wasnt....??

given production downgrade, outlook, prices, and recent performance.....
still a great punt at these prices I reckon.......
there are other punts arounds beter than this... but who will call them....
I will....!
TSV....

please, somebody tell me something almighty Sinopec doesnt/didnt know?....

giant cash reserves......
like nothing else....
corporate raised a major point I missed on my breeze...
I hope ive got the ball rolling even though I missed a major point... prob a first ever.....

downside opening when?
well who picks a stock in a major downward trend in a major crisis...
.... who posts when they are in a bullish trend and thend pulls everything....

55c-57c....
I will post the moment of changing sentiment......
this is a buy right now... accounting means nothing

peace and luck to everyone...
survival of the fitest...

.^sc