Voya Asia Pacific High Dividend Equity Income Fund T.IAE

Primary Symbol: IAE

Voya Asia Pacific High Dividend Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return through a combination of current income, capital gains and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of dividend yielding equity securities of Asia Pacific companies. The Fund will seek to achieve its investment objective by investing at least 80% of its managed assets in dividend producing equity securities of, or derivatives having economic characteristics similar to the equity securities of Asia Pacific Companies that are listed and traded principally on Asia Pacific exchanges. The Fund will invest in approximately 60-120 equity securities and will select securities through a bottom-up process that is based upon quantitative screening and fundamental analysis. Voya Investments, LLC is an investment adviser of the Fund.

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Voya Asia Pacific High Dividend Equity Income Fund > Ithaca Energy - Fleshing Out The Buy Case

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Comment by peak2peakon Apr 14, 2015 3:20pm

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Post# 23628816

RE:Ithaca Energy - Fleshing Out The Buy Case

Good article Kitty. What is not discussed and probably shouldn't be as it is far to early for such speculation is the significance of the Ekofisk drill results. Based on the large geology and prolific nature of well #5 I have a hunch that the Ekofisk layer represents an entirely new play for IAE. It may represent an opportunity for IAE and partners to punch several more production wells into this layer as the Andrew wells beginning to deplete, thus feeding the FPF-1 at full capacity for years to come. This is just speculation (wishful thinking perhaps) on my part at the moment.

However, assuming for a moment that this new layer indeed proves to be as prolific as I am hoping, developing the chalk layer should involve relatively low capex and opex as it will utilize the existing Stella infrastucture. So, we could have many years of FCF being generated off the Stella investment.

Gee, makes me want to buy back all 10 of those shares I sold at $.50!!!! ;)

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