OTCPK:AETLF - Post by User
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TOCATon Jan 08, 2015 6:11pm
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Post# 23300125
Paid down debt buy $30 mil
Paid down debt buy $30 milAwesome! A bird in hand is worth two in the bush. I think low debt in this environment is key while maintaining the credit facility at $90 mil. Better yet their Q4 drills had an 83% success rate,I would like to see 8 more wells on the next 9.3 they are going to drill at Princess. I hope they learned something from these wells and can pinpoint wells in the future. They must have good wells if they can maintain production at 4700 boe/d with a much smaller budget.