OTCPK:ATGYF - Post by User
Comment by
algroveon Apr 04, 2013 9:09pm
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Post# 21213592
RE: 2013 Financial Estimates frm Source
RE: 2013 Financial Estimates frm Source Another point. I think you are underestimating free cash flow subsequent to March 31,2013. TAQA's cost of completing and testing the Cormorant East well could not have exceeded $30 mil. (AEN was carried 100% for the exploration portion). AEN forfeits production until TAQA recovers AEN's share of that cost. At approx. 500 barrels per day, even with the two interruptions, this should have been recovered by TAQA by the end of March, or mid April at the latest.