OTCPK:AETLF - Post by User
Comment by
swingtime2on May 11, 2007 6:31pm
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Post# 12769161
RE: Sinking!!!
RE: Sinking!!!Interesting quote from the news release..."The seismic data is currently being remapped to identify Cretaceous targets for a possible future drilling program......Plans for a third contingent well to be drilled later this year have been cancelled...."
"Possible drilling program is a nice way of saying that Egypt is going to put on hold for a spell, maybe a couple years to mid 2009, and that suits me just fine. Lets concentrate on the decent properties they have already in North America such as Galahad, Wildmere and Tower Creek. Currently at .50 it is priced nicely for some upside when some already tapped wells get tied in. If she goes to low 40s on Monday morning with some panic selling, I will be a big buyer to average down.