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Antrim Energy Inc. ATGYF

Energy Oil & Gas E&P
"Antrim Energy Inc was incorporated on September 29, 1999 in Canada. The Company is engaged in the business of oil and natural gas acquisition, exploration, development and production in international locations. The Company, through its subsidiaries, conducts exploration activities in the United Kingdom and Ireland."


OTCPK:ATGYF - Post by User

Antrim Energy Inc.
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Comment by Bigbadoilon Aug 23, 2007 4:37pm
463 Views
Post# 13292393

RE: Signif. Lateral Extent x 12m Pay = Monster!

RE: Signif. Lateral Extent x 12m Pay = Monster!Every square mile of this pay would give a NPV value of 50c/ AEN share!! I used average reservoir parameters. I calc 23mmstb OIP for 640 acres (i sq mile) 20% recovery factor = 4.64mmstb recoverable AEN has 70% WI so 3.24 mmbl net to AEN Assumed 100mm shs O/s ( a little light..) got a value of .48c/sh (using $15 per bbl NPV) LETS HOPE THIS FIELD GOES 10 MILES!!!!!!!!!!!!!!!!!!!!!!!!!!!! Bigbadun'
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Dealroom for high-potential pre-IPO opportunities