was telling people after hours yesterday, so it would give them time to research rather than just piling in, on a rise but people sold in panic selling, smart money is still in here, will be listening into the conference call, can listen in for free from my mobile so kuul, will aeg when its 10p hopefully, but re-read rns clearly states 2 10 year contracts £3m a year and £3m payment in feb 2012
Would be good to get an updated Broker report on this one to see how they are valueing it. It will also be very interesting to hear what is said in the conference call this afternoon. Maybe he will shed some more light as to the potential resource size that could come out of the fields in the future, although probably a little early yet.
Trying to put some sort of value on this is very difficult as the Old Park Lane Broker report on the Andes Website is date early 2011, however just for the Power Generation side and NO Oil n Gas resource it gives a Broker target of 54p
Then if we add in the 2 discoveries this week which are according to the Ryder Scott CPR as follows;
Corralera Block 87.7mmboe to Andes at say $8 in ground = £450M or £2.86 per share ! Mata Mora 19.9 mmboe to Andes at say $8 in ground = £102M or £0.65 per share !
THESE ARE PROSPECTIVE FIGURES SO LETS HAVE A GUESS IN REALITY THEY COME OUT AT 60% of this.
So to resume what my HOPES that a Broker target might reflect are;
Power Generation (Inc in 10% on Previous years figure from OPL) 60p Corralera discounted by 40% £1.71 Mata discounted by 40% £0.39
That gives us a total valuation of £2.70
This is only rough from someone still learning so please DYOR etc
You are one of the lucky ones, who bought yesterday then! Sell aeg and ad here. Feeling very funny about aen, it must be something about it if they are having a conference call after yesterdays spectacular rns's. Waiting patiently for the conference call. Will call to listen defo. GL all
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