OTCPK:AETLF - Post by User
Post by
TOCATon Mar 23, 2013 8:55pm
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Post# 21159295
zedex99
zedex99 Arsenal is mostly oil, I don't know why you posted this natural gas article. If you think natural gas is the place to be, you'd think this article would be negative. These shale plays are expensive and the gas prices don't support long term development. It's sad that the most productive years of these reservoirs is being squandered at such low prices but it is an immense help to the beleaguered US economy. Hydrocarbons account for 80% of the world's energy supply and the supply is limited.
Oil and gas will get more expensive in any terms. Bakken production is very valuable @ $170,000 boe/d. At 1650 boe/d Asenal's Bakken is worth $280,000,000. Soon they will have another 700 to 800 boe/d from the wells drilling now. Do the math. If they need to raise money they should just sell off 150 boe/d for $25 mil. It may take a few months but then there is no hurry.