Voya Asia Pacific High Dividend Equity Income Fund T.IAE

Primary Symbol: IAE

Voya Asia Pacific High Dividend Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return through a combination of current income, capital gains and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of dividend yielding equity securities of Asia Pacific companies. The Fund will seek to achieve its investment objective by investing at least 80% of its managed assets in dividend producing equity securities of, or derivatives having economic characteristics similar to the equity securities of Asia Pacific Companies that are listed and traded principally on Asia Pacific exchanges. The Fund will invest in approximately 60-120 equity securities and will select securities through a bottom-up process that is based upon quantitative screening and fundamental analysis. Voya Investments, LLC is an investment adviser of the Fund.

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Voya Asia Pacific High Dividend Equity Income Fund

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Post by zorgon1on Oct 19, 2007 9:32am

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Post# 13602129

Athena is larger than thought

Success at this well implies the Athena field may be much larger than previously thought.

The following extracted from Oilbarrel:

The company’s opinion which seems to be reinforced by the latest developments is that Athena has significant upside development potential to be evaluated by further development drilling, giving rise to the notion there could be additional gross possible reserves of 12.042 million barrels or 8.429 million barrels net to the company. Total probable and possible reserves would then be 40.03 million barrels gross or 28.02 million barrels net to the company. No question the field is commercial.

Initial analysis was, according to the company, that well # 15 would produce approximately 5,000 bpd upon development. In fact, as we move on, Ithaca has indicated that with three wells in production and one injector, with the crude exported via an 18 km tie back to the Claymore field, the field could quickly be developed with rates of up to 10,000 bpd. This is only one field of course, and is a revisit to a known discovery. Ithaca has assembled 28 blocks and part blocks in the North Sea.