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Antero Resources Corp T.AR


Primary Symbol: AR

Antero Resources Corporation is an independent natural gas and natural gas liquids (NGLs) company. The Company is engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia and Ohio. The Company targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to economically develop and produce natural gas, NGLs and oil from unconventional formations. The Company operates through three segments: the exploration, development, and production of natural gas, NGLs and oil; marketing of excess firm transportation capacity; and midstream services through its equity method investment in Antero Midstream Corporation (Antero Midstream). The Company holds approximately 515,000 net acres of natural gas, NGLs and oil properties located in the Appalachian Basin, primarily in West Virginia and Ohio.


NYSE:AR - Post by User

Post by Lifexprton May 16, 2024 10:23am
219 Views
Post# 36043290

Only reasonable decision was to sell Magino

Only reasonable decision was to sell Magino Now that everyone had a chance to review nreview the report, you realize this was the best scenario that could have materialized due to Magino being effectively a massive drain on resources, almost pushing Argonaut into bankruptcy. Hope is in FC as it seems to be outperforming and we should get a new extended LOM plan including possibility of unlocking sulphide deposits which would keep FC operating for years to come, that's still up in the air but upcoming NI 43-101 will be telling. Magino has longer term potential although AGI purchased this primarily for mill capacity and tailings. You can't keep operating at $3,000+ while selling at $1,860. Management is working with flawed feasibility study with subpar grades and underperforming equipment, which is strange as I remember hearing Young say that Ausenco built a Cadillac. Magino should come around by year end but it will never become a sub $1,000 AISC operation as originally planned
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