RE:Investors Chronicle CommentOnce again Doug, keep up the good work ... I appreciate your posts.
There are a number of naysayers on here and I think they are represented in the very low volume sell off in the recent month. I like to look at the facts ...........
1. IAE will be at 30000boepd production in a very politically friendly location, the North Sea.
2. IAE is currently at 11000 - 13000 BOPD
3. Once Stella comes on stream they instantly double in size.
4. Stella A1 Test Result - +10,000 BOEPD "off the scale" ........ Stella A2 Test Result - +10,000 BOEPD "off the scale"
5. Stella A3 is anticipated to be the same - +10,000 BOEPD "off the scale" and Sella A4 is anticipated to be somewhat lower at - + 6000 - 7000 BOPD
6. FPF-1 currently under construction and on track to be delivered later 2014
7. Tax Credits are immense
8. Free Cash Flow has been stellar and will be used for accretive development and debt repayment.
9. IAE is expected to move from the AIM to the main London Exchange later in 2014 or early 2015.
10. Considering the entire picture and the fact we are getting very close to first oil and considering IAE compared to its peer is extremely undervalued .... IMO these sell-offs will be short-lived and IAE sp will grow to higher levels as everything falls into place.... IAE management has been doing an extremely good job and should be commended for their performance.