RE:VALUEso why are we down to $2.85?
grantoue wrote:
Alfa see's value in the company, Ohara see's value in the company, the banks that leant them 4.7 billion see's value in the company, The institutional investors see's value in the company. The company has 1 billion in cash , The company produces 155000 barrels of oil everyday and has net backs of $35 at $60 oil. The Company has a partnership with Karoon Gas off the coast of brazil that has successfully drilled 4 high volume wellswith which one flowed at 4650 barrels a day. Karoon is building a oil terminal offshore to get this massive discovery to a needy customer Brazil. The company has a LNG ship completed and ready to be used. The Company is in partnership with another company off the coast of Peru . It has a oppportunity to bid on drilling leases off the coast of Mexico with Alfa as a partner . The debt is manageable the first contracts do not come due till 2017. Why all the negativity.