OTCPK:ATGYF - Post by User
Comment by
Bigbadoilon Oct 05, 2011 7:05pm
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Post# 19123379
RE: RE: Anyone Kwow
RE: RE: Anyone KwowPremier buyout of Encore gives a value of $17 per bbl for undeveloped reserves in the North sea.
AEN has reserves of 14 mmstb in the North sea so based on the 185 mm shs o/s thats a value of $1.29 just on their North Sea reserves. (does not include Argentina or the $76 mill in cash and no debt!)
SLG went up by 25% today too- same effect. Its a upgrade!
East Fyne drill (operated by Premier) to happen soon will significantly add to AEN's NPV. Low risk drill too.
Bigbadun'