Ok so the oil price aint good but the company is doing ok................. we are still very excited about the significant number of wells we can, and will, drill in Eye Hill. This view has been reassured by the robust production from the wells we drilled last year and that are still producing at roughly the same - or better - levels than almost one year ago. Additionally, having just generated sales of $1.1 million from October production when the average WTI oil price was $84/bbl, we have nothing but confidence in the path forward
Found on Web site posted by Robsky. Leveraging management's proven, extensive development expertise, the Company has analyzed over 20,000 sections of land and identified more than 200 high quality acquisition targets with significant potential for low-risk, low-cost addition of sizeable resources
A little publicity over the pond, can't do any harm I suppose. http://seekingalpha.com/news/2150495-edge-resources-announces-half-year-results.
It will be taken over before it goes to a penny. Having said that you might see some buying tomorrow. This fell because of PR. If you look at other oil stocks on aim they did not fall by the same % only edge got hammered. Furthermore I cannot see oil falling much further it will stabilise and you will get a new standard price. I am surprised at the reaction to opec news as I had read several articles prior that said opec would not cut. Furthermore the actual money taken out of edge yesterday was about £90k mm's did the rest.
Oil in free fall
this is going down to a penny, you heard it here first
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