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AED - AED Oil

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laurie said:
Amazing absolutely amazing what the market expected 6million barrels of oil on first day!like I said I give up working the market out

cheers laurie
Click to expand...
I think it was factored in, hence the amazing run of late.

The big hurdle will be the first quarterly and ramp up production figures. If it can get through these ok, then I'd say it's set for another run.

But I'm pretty happy with my call of it being just sub $10 before first oil. Hehehehehehehe.

What a gem this one has been. If you haven't been on it, you really have to question why.
 
Can someone help me out with understanding the current price action? Why are we seeing a falling SP at this stage? Profit taking? Recent excercise of options?

Had expected to see the more doubting and conservative big investors jump onboard with first oil....
 

If you find out jim please let me know it's either profit taking or it's being manipulated for the purpose of accumulation

cheers laurie
 
fundamentally nothing has changed with AED, it still has 100 million barrels of oil, it is currently ramping up production to 30000 Bopd + - the exploration upside is enormous as AED will have big bikkies to spend on finding more reserves - let's not forget the second well which will bump up production to 60000 Bopd or the talbot field etc

you would have to be mad to sell AED at this crucial time
 
Its only down ten cents sheeesh guys!

We had an awesome run up to $10, it inevitably has to pull back at some point. The chart cannot go vertical!

I would not worry it would be a bit of profit taking, I am personally way more comfortable sitting on AED for long term knowing that production has started.
 
ASX ANN today

10/10/2007 ZSP:SandP to Include AED Oil in SP/ASX 200
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00768455

Standard & Poor’s to Include AED Oil Ltd. in the S&P/ASX 200

SYDNEY, Oct. 10, 2007—Standard & Poor’s Index Services Australia today announced that it will remove Centro Shopping America Trust (ASX: CSF) from the S&P/ASX indices, subject to shareholder approval of the proposed scheme of arrangement under which the company will be merged with Centro Retail Trust (ASX: CER). Assuming that the scheme is approved, S&P will remove Centro Shopping America Trust from the S&P/ASX indices after the close of business on Oct. 12, 2007.

AED Oil Ltd. (ASX: AED) will fill the vacancy created by the removal of Centro Shopping America Trust from the S&P/ASX 200. Macmahon Holdings Ltd. (ASX: MAH) will replace Centro Shopping America Trust in the S&P/ASX All Australian 200 by. These changes are scheduled to become effective after the close of trading on Oct. 12, 2007.
 
Thanks bigdog surprised they did not announce this! may check to see if this is now on CommSec margin lending approved share security may start off at 40%

cheers laurie
 
laurie said:
Thanks bigdog surprised they did not announce this! may check to see if this is now on CommSec margin lending approved share security may start off at 40%

cheers laurie
Click to expand...

They already had about a month back. Given commsec are doing their auditing, that might have been a buy signal in itself. Funnily enough... when they did put the LVR on them... it went vertical...

Perhaps an increase to 50% is now on the cards.
 
AED Oil Ltd. (ASX: AED) will fill the vacancy created by the removal of Centro Shopping America Trust from the S&P/ASX 200. Macmahon Holdings Ltd. (ASX: MAH) will replace Centro Shopping America Trust in the S&P/ASX All Australian 200 by. These changes are scheduled to become effective after the close of trading on Oct. 12, 2007.[/QUOTE]

Good news will hopefully increase the demand as some institions will be underweight !
 
AED looking very bullish today after a few days of churn - just hit $10.23

news of stabilised flow rates will surely be announced soon
 
imajica said:
AED looking very bullish today after a few days of churn - just hit $10.23

news of stabilised flow rates will surely be announced soon
Click to expand...

imajica
Once that happens what will push the sp higher! assuming the accumulation has ended or lets hope so

cheers laurie
 
Laurie - As with everything a lack of sellers will underwite further rises with the market to shortly fully appreciate the strong positive cash flows that will flow to (us) shareholders via the bottom line, initially on a tax-free/unfranked basis
 
Closing today on an all time high of $10.46 after a desperate grab in the after market auction. Technically and fundamentally AED is ticking all the boxes.
 
greenfs said:
Laurie - As with everything a lack of sellers will underwite further rises with the market to shortly fully appreciate the strong positive cash flows that will flow to (us) shareholders via the bottom line, initially on a tax-free/unfranked basis
Click to expand...
greenfs

Yep a capital return of .85c per share[IPO issue price] will see me free carried into retirement

cheers laurie
 
Trading volumes for AED over a million on the market today & a new record for the share price (at market close) - looks like the news is filtering through the market....

Shove this one in the bottom draw I think and hope that things continue to go well early 2008...... ?!! Be interesting to see their balance sheets / annual report once production is in full swing.
 
ASX ann
12/10/2007 General Update
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00769164

SP AED $10.60 +$0.14 +1.34% high of $10.63 238,162 shares $2,503,999 @ 12-Oct 12:02:15

ASX Announcement
12 October 2007
General Update

Puffin- NE Commissioning and Production
AED (AED or the Company) advises that commissioning of the Puffin North East field is nearing completion, ahead of schedule. The highlight for the week since first oil last Saturday has been the satisfactory completion of the uninterrupted production test of 27,000 stb/d for a test period of 72 hours. Both wells have now been commissioned. The Subsea manifold has passed functional testing and is performing to expectation. Presently the gas lift system is being commissioned and tested. Production levels are scheduled to increase to 30,000 stb/d over the next couple of days. Cumulative production to date is in excess of 110,000 stb. The first offtake of crude oil is scheduled for late October 2007.

Puffin SW Development
Activities for Puffin South West are also progressing well with the spudding of Puffin-10 expected later today. Puffin-10 is planned as a horizontal well consistent with those previously drilled by AED (Puffin-7 and Puffin-8). Discussions with potential subsea installation contractors for puffin SW are at an advanced stage and an agreement is expected to be signed in the near future.

ASX200
Standard and Poor’s Index services Australia announced on 10 October that AED may be included in the S&P ASX200. Should this occur it would be effective after the close of trading on 12 October 2007.
Trevor Slater
 
looks like flow rates have well and truly been realised - awesome news for AED holders - the inclusion in the asx 200 is the icing on the cake
 
Excellent update if that 30,000 stb/d is achieved then watch the sp move up because AED will have to start paying their debit off and once that is reduced then the rest is cream on the top of the cake

cheers laurie
 
imajica said:
looks like flow rates have well and truly been realised - awesome news for AED holders - the inclusion in the asx 200 is the icing on the cake
Click to expand...

sorry imajica I was typing mine as you were sending yours re:cake both thinking of the same thing

cheers laurie
 
looks like we visualise the same metaphor in regards to AED's success! No worries Laurie - Hold on as long as you can to reap the rewards - mmmm dividends
 
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