OTCPK:ATGYF - Post by User
Post by
Bigbadoilon May 09, 2006 12:37pm
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Post# 10822442
Oilexco/AEN
Oilexco/AENSort of interesting isnt it today AEN up .12c.
Not surprising though considering Oilexco's discovery announced yesterday. Investor's have been tuned off by the string of dryholes announced from small independent drillers as of late so this news is positive for the N. Sea. Well if you do the numbers on shares o/s for AEN and prospect size for Causeway + Chance of success (COS), you can kinda of see why people are taking a position today!!
Also the Causeway well is not an all-out rank exploration prospect but will be located between 2 wells drilled previously that tested several 000's bbls/d!
All in all with the Bredford Dolphin rig going to AEN after Oilexco has finished with it, the N. sea is hot again.
Thank you very much Oilexco!!
Bigbadun'