OTCPK:ATGYF - Post by User
Post by
commoditiesbullon Mar 31, 2009 12:32pm
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Post# 15884637
Production Plan - Down Big!
Production Plan - Down Big!In September 2008, Antrim was projecting 25,000 boe/d of production by 2010 and 5,000 boe/d production during 2009. They just updated their website with a March 2008 presentation. It now projects just 2,000 boe/d production during 2009 and only 12,000 boe/d of production by 2012.
https://www.antrimenergy.com/asset/pdf/AEN%20Presentation%20March%2030%202009%20WEB.pdf
In other words, shareholders are now being suggested only half the previous production guidance and moreover, it is two years further out. AEN trades much lower. Management has lost the confidence of Bay Street big time. They are just using up the company's cash to pay salaries now...