Antrim Energy Inc. ATGYF

RE: AEN - low risk high opportunity

[einstein54]

Good post. Too many would like to make their money over night. Good investments take time.
I talked to Mr. Greer last week and said that that is just the way things are in the North Sea, slow moving. Can't do much about it.

35.5% of Causeway production start-up fully funded (development iscarried up til $21.75 mln by operator Valiant) leading to 2000-2500 bopdby late 2011 with a net 2P of 7 mmbo
• I am asuming they’ll dealaway half of Fyne (75%) so will keep 37.5% of an estimated 20k bopdproduction = 7500 bop by mid 2012 with a net 2P of 6.6mmbo
• They have no debt so they can easily fund Fyne by a deal and a top up from debt whe needed – so I expect no dilution

Almost the same thing Mr. Greer told me.

Regards  Einstein54