OTCPK:AETLF - Post by User
Comment by
TOCATon Jul 28, 2010 3:43pm
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Post# 17304422
RE: Target of $1.45........................
RE: Target of $1.45........................No doubt this year is a bit of a disappointment. There are many positives though, debt is being paid down, the wells in the Bakken so far have been good. Their operated wells are 3 months behind but once the rig arrives they will go steady for a year or more with at least 6 wells a year. Probably 4 to 5 net wells at 500 boe/d adding close to 2000 boe/d for 2011. There are the conventional fields and heavy oil and some new gas properties they are aquiring that may add significantly to the share price abd NAV.