Aster Acquisition Corp C.ATR

annual meeting

[johndoe1]

The meeting was good. If the 2nd qtr numbers are achieved at 6-7 cents a share cash flow, I would expect to be trading around 60 to 90 cents, at 10-15 times multiple. With the 1B status at Suffield, the well is approved 1B, they are just waiting for 1B facility status. As soon as they get it, they will be able to take around 500 to 750m3 a day of 3rd party fluid. They have updated all the electrical and are ready to go full tilt. They well they just put on 11-6, is probably contributing 1-2m3 a day of oil, at Scots Lake they are probably doing around 3-4m3 a day and at 5-7 Suffield they are probably doing around 2-3m3 a day. You can get this info on accumap or geovista. Taxes are a good problem because that means you have income, but if they do some drilling they will get tax credits and writeoffs to possibly elimate or reduce taxes payable. The reason for no real price spikes is that there is only now starting to be a share float as most are tightly held. The owners of Suffield got shares because that is what they wanted, they realize the upside and previous track record of the principals and wanted to be part of that instead of just taking cash.