AED - AED Oil

[jimski]

Thanks for posting the interview. I had seen it and am trying to understand exactly what Dix means in saying, "No, I think we are probably more likely be a target, and from my experience in acquisitions in this sort of market, it's very difficult to acquire things and get them at value, we know much more about what we have ourself than what other people have, we have a lot of growth where we are so we should be devoting our capital into growing the assets that we know best."

Thanks for any light anyone can shed on this...

 

[aosleung]

Thanks for posting the interview. I had seen it and am trying to understand exactly what Dix means in saying, "No, I think we are probably more likely be a target, and from my experience in acquisitions in this sort of market, it's very difficult to acquire things and get them at value, we know much more about what we have ourself than what other people have, we have a lot of growth where we are so we should be devoting our capital into growing the assets that we know best."

Thanks for any light anyone can shed on this...

Jimski,
Reading between the lines I think Dix is saying two things - (1) AED will not be in a rush to takeover another company because it's very difficult to accurately value companies in this industry...instead they are best to devote their time and money into growing AED which they are good at and (2) Given they are not the acquirer then any rumours would mean that AED could be a potential takeover target but at what price, nobody really knows. He really can't be any more open than that otherwise, he will be seen as ramping up the share price. Fingers crossed, hopefully AED will be a target and their SP goes up again. I wonder what would happen to NWE's price if AED becomes a target?

 

[nizar]

AED looks like its about to break out of a triangle of sorts?
Hard to tell which way the break will be.

Decreased volume on the pullback is always good to see.

Has filled part of the gap to $7.70 but the gap between $7.70-$8.00 still remaind unfilled and should act as a great support level for any retrace.

Kennas (and others) any thoughts?

 

[dj_420]

nizar

your right range is tightening and it is on much lower volume. i dont think we will see it drop down to the sp when it gapped up. with production imminent all it would take is an ann and we will see this triangle formation break up.

the good thing is AED has not retraced on heavy volume, heavy volume pushed it up and retraced slightly on lighter volume, good indication punters are willing to hold longer term (or longer than short term anyway).

 

[BankRoller]

I found an interesting article yesterday with respect to oil production in Asia over the coming months: http://www.ibtimes.com/articles/20070716/oil-commodities-asia.htm

Does anyone know when AED's first barrel is due?

 

[imajica]

price of oil extremely bullish at the moment pushing through the $75 dollar barrier overnight - should have a positive effect on the AED share price

 

[greenfs]

I found an interesting article yesterday with respect to oil production in Asia over the coming months: http://www.ibtimes.com/articles/20070716/oil-commodities-asia.htm

Does anyone know when AED's first barrel is due?

A quick check on website and ann failed to reveal anything. From memory, I think initial production at 30k barrels daily is expected during 08/2007.

 

[nizar]

A quick check on website and ann failed to reveal anything. From memory, I think initial production at 30k barrels daily is expected during 08/2007.

Looks like its coming back to fill the gap.
If it goes down anymore than that, i would chop everything and run.

No time for dogs in a bullmarket.

 

[gfresh]

imajica: this is what I would have thought, however just keeps going down at the moment which is interesting. There is never going to be a reduced demand for oil in the future either.

Just doesn't seem to have the support at the $8.00 level. Volumes are quite low. I'm down 10% on this one at the moment guess bought in at a high which was a bit silly. Possible retrace to $7.60.

 

[imajica]

I managed to get some at $6.50 so not too worried at the moment

patience will be rewarded - first oil will happen soon, the instos will view AED as a bona fide producer and we will all be smiling

 

[laurie]

price of oil extremely bullish at the moment pushing through the $75 dollar barrier overnight - should have a positive effect on the AED share price

Not while the A$ is hitting an all time high any price rise in oil needs the dollar to fall gee wished it was $75 a barrel a few months ago when the A$ was around .82c

cheers laurie

 

[Penguinpays]

Where is the front puffin….

Frontline sold the vessel to Sea productions

Sea productions has
FPSO Crystal Ocean
FPSO Front Puffin
M/V Sea Cat
MV/Sea Jaguar

11 July statement Sea production is a possible target of take over from “Ashmore” Investment Management limited.

The only thing that is clear is the FPSO Front puffin is HOT property at the moment.

 

[imajica]

after correcting and slumping to the high $7 range ($7.85-8) it appears that AED is on the move again - a possible mini-breakout - news could be imminent - I hope everyone is already set

 

[imajica]

SYDNEY, July 27 (Reuters) - Australian independent oil
company AED Oil Ltd. said total production in 2008 could
exceed 7.5 million barrels when it brings onstream another
production well from the Puffin oilfield in the Timor Sea.
AED is on track to produce its first oil in September from
the Puffin oilfield, which is expected to peak at about 30,000
barrels per day by the end of the year, Chairman David Dix told
Reuters in an interview on Friday.
The company also plans to bring online a second production
well, the Puffin Southwest, in 2008, which would boost daily
production by about 20,000 bpd.
"Once we have the Southwest field up, we will have two fields
in production ... we could actually do better than 7.5 million
barrels when we bring Southwest into production," Dix said in a
phone interview from the company's Melbourne office.
Shares in AED, which has a market value of about A$834
million ($729.7 million), have soared fourfold from a year
earlier to Thursday's close of A$7.74.
AED said in June that company was likely to have up to 100
million barrels of recoverable oil in its 100 percent-owned
Puffin and Talbot fields, up from an earlier estimate of 40
million barrels.
($1=1.14 Australian Dollar)
((Reporting by Fayen Wong; Reuters Messaging:
fayen.wong.reuters.net@reuters.com; +612 9373 1819))
Keywords: AED OUTLOOK/


Friday 27 July 2007 13:07:47 AEST




News Story: AED - INTERVIEW-Australia AED sees 2008 output over 7.5 mln barrels

 

[laurie]

If that's true then the mind boggles on what the return could be the only variable we don't know is what price will Tapis be in 2008 given it's near $90 now $$$$

cheers laurie

 

[jimski]

This is a great stock and share price slipage on low volume is testament to that. In simple terms the variables are fewer than with most companies. We know the dates and we have estimates of the numbers. Sales are virtually guaranteed and demand is in exhaustible. I don't mean to pump but this surely has to go towards $20 by the second half of next year??

 

[laurie]

I cannot workout why people sold off AED sell your misses & kids instead and keep AED

cheers laurie

 

[Areo]

Possibly it is because of the lack of communication from the company in light of rumoured startup delays.

Areo

 

[imajica]

regardless of any slight delays - AED will be a cash cow for years - when full production is confirmed - it will be lift off time as this will be the moment when instos start buying up stock

 

[imajica]

AED Oil Raised to 'Outperform' at Credit Suisse :AED AU

By Garth Hobson

Tokyo, July 25 (Bloomberg Data) -- AED Oil Ltd (AED AU) was raised to "outperform'' from "neutral'' by analyst Andrew Williams at Credit Suisse. The 12-month price target is A$9.80 per share.