OTCPK:ATGYF - Post by User
Comment by
Bigbadoilon Aug 11, 2006 5:48pm
532 Views
Post# 11216085
RE: When Will We Get a RR?
RE: When Will We Get a RR?March 31st 2007 for 2006 reporting (regulations)
AEN have their own number and the banks will have an independent reserve estimate done for financing. Neither party is under any obligation to release info to the public.
But Development schedule for this well will generate a NR. Financing to tie it in and I think a PP to raise money to drill next wells ($30 mill per pop!). So that is part of the reason for the sell-off today IMHO..they have a big well and need cash to fully develop the whole field.
it will get back over $4 real quick.
Bigbadun'