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Cool. At least a news we can look for ..lol. One thing we need to appreciate BOD, they made a brilliant move of selling assets last year and settled loan. If not done, company would have gone bust by now with the current oil price environment...Looking at the history, they were able to survive around 20 years in the tough industry, so they are clever in way...lol
We have -" A second Jurassic prospect identified by Kosmos has yet to be reviewed by McDaniel pending receipt of additional information. Sophisticated additional detailed seismic analysis is planned for 2015 to mitigate drilling risk among the top three identified prospects including trace inversion, AVO mapping and modeling, spectral decomposition and attribute extraction " - this news to come. Source: http://www.marketwired.com/press-release/antrim-energy-inc-announces-2015-first-quarter-results-tsx-venture-aen-2024434.htm BW
FYNE and ERNE they themselves written it down and now they have the obligation to decommission it by spending $5million. .ERNE license is expired as well. At the moment only Skelling is the hope and directors has nothing to do in this but enjoy with the rest o the money by spending 800k per qtr...Seems nothing is going to happen for the rest of the year.. I agree with Moleinahole, they missed a great opportunity came from SOU
so the directors effectively saying that we have enough cash for us to survive (and pay our salaries) and as such we wont be doing anything till in 2016. so nothing much will happen this year and sp will drift while directors still got paid??
That's about right. But look at the bit about Fyne and Erne they look dead no mention of the partner on fyne have they thrown in the towel with the low oil price? Still burning cash at 800k a quarter. The revaluation is a windfall and dresses up the numbers. They are simply waiting on Ireland now. Can't see they could buy anyone and they threw away the SOU offer what a monumental error that could turn out to be. So the strategy is to wait for an offer and hope skelig comes good when kosmos do it for them.
simply put the wording In rns, no work been done in the last qtr. Spend around 800k but gained 1.2 million as a forex hence reported around 500k gain... Is it correct?
mine as well
still showing as sells
is the magic number at the lightbulb place mate??
fingers crossed, quite a few moving BMN, BAO and STGR . keep an eye on LBB after consolidation has gone through
know it makes sense mate ;) Fingers crossed for 5s just on the strength of the wedge breakout never mind the upcoming drill/wotevs ...
What the heck I am in :)
lol well I have the same feeling about Fcr once it gets rid of its dilution shares
Last time I bought this at 3p it 3x bagged to 9s two days later pmsl - oh for a repeat of that ;)
Yet-another descending wedge breakout at this SP at this time mate, I don't see how it *can't* do at least 5p ...
Okay, tempting,
In mate.
Are you in yet or just watching?
good to my eyes ... 5/10/31p targets from here - could happen quickly ... GLA
kosmos Kosmos has three licences in Irish waters, two of which have Europa as junior partner. However, the US player also has interests in Africa and it remains to be seen what takes precedence in its plans for 2016. While it has drilling activity pending in the UK, Europa sees its onshore French and offshore Irish interests as holding its real potential for transformation. Drilling activity at its prospects off the Co Kerry coast in the south Porcupine Basin is expected to get underway in 2016 and is seen as one of the next big drill campaigns in Irish waters. Europa has received seismic survey results and a new prospect inventory from Kosmos regarding its shared acreage off the Kerry coast; but still awaits final timelines from its US partner. Europa yesterday announced a farm-out agreement for one of its onshore French gas assets. Speaking about what an exciting year 2015 could be for the company, chief executive Hugh Mackay cited its various drilling plans for UK waters, its expansion of UK assets and “most importantly, a drill decision by Kosmos on our Irish licences” as potential highlights. Europa said it expects Kosmos to make a formal decision on its 2016 drilling plans, and a call on its Irish moves, before the end of the first half of this year. “Our offshore Ireland and onshore France licences are the potential company-makers in our portfolio, due to the size of the prospectivity identified,” Europa said before Christmas. © Irish Examiner Ltd. All rights reserved
Kosmos has three licences in Irish waters, two of which have Europa as junior partner. However, the US player also has interests in Africa and it remains to be seen what takes precedence in its plans for 2016. While it has drilling activity pending in the UK, Europa sees its onshore French and offshore Irish interests as holding its real potential for transformation. Drilling activity at its prospects off the Co Kerry coast in the south Porcupine Basin is expected to get underway in 2016 and is seen as one of the next big drill campaigns in Irish waters. Europa has received seismic survey results and a new prospect inventory from Kosmos regarding its shared acreage off the Kerry coast; but still awaits final timelines from its US partner. Europa yesterday announced a farm-out agreement for one of its onshore French gas assets. Speaking about what an exciting year 2015 could be for the company, chief executive Hugh Mackay cited its various drilling plans for UK waters, its expansion of UK assets and “most importantly, a drill decision by Kosmos on our Irish licences” as potential highlights. Europa said it expects Kosmos to make a formal decision on its 2016 drilling plans, and a call on its Irish moves, before the end of the first half of this year. “Our offshore Ireland and onshore France licences are the potential company-makers in our portfolio, due to the size of the prospectivity identified,” Europa said before Christmas. © Irish Examiner Ltd. All rights reserved
Ivornomoney, Tiptop, have you heard about the latest Sound Oil deal? We are buying into the Tendrara Licence in Morocco. Cost of entry was £6 million.........which was almost the same amount offered for AEY, coincidentally! It is a world class on- shore asset that has had 5 out of 7 successful wells drilled. This project will start later this year closely followed by one of our other world class assets, Badile. The Tendrara project has the capability of triple digit sp in the success case, as outlined by our CEO today. Morocco is quick to permit and has the highest gas prices in the world. My point is: you guys should have been with us. If I were an AEY shareholder I would want to know what plan B was, as the Board obviously rejected joining an aspiring to be mid-cap on-shore gas producer/explorer with real ambition. Oil & gas analyst 'Malcy' (Malcolm Graham Wood) has Sound at the top of his bucket list. Anyway, good luck. Crude
Why did my buy show as a sell whats the score here???
5p, just on cash.!!
There will be a lot more buys here in the coming weeks. I've got my head down slowly gathering these before the crowd arrives. :-)