AED - AED Oil

[Icharus]

If Puffin 10 spuds today and takes as long as Puffin 8 (73days to completion) then this will be 23rd December. That could be a very nice Christmas present indeed!

Does anyone know when the other exploration/appraisal wells are planned for? Previous announcements seem to indicate that there could be a third appraisal in the NE field before the end of the year.

 

[laurie]

Last minute fight to get to all time high of $10.71 ASX S&P200 after close what a great day

cheers laurie

 

[chops_a_must]

Last minute fight to get to all time high of $10.71 ASX S&P200 after close what a great day

cheers laurie

Christ. Im expecting some consolidation soon, to create another trading opportunity. But geez, it's just ferocious.

Not that I'm complaining. They are my 4th... or possibly 3rd biggest holding now, and that's totally free carried. I tell you what, I'm laughing.

 

[gfresh]

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

I was also thinking what they may do in the future with all the wads of cash they will surely have by even mid 2008. Dividends would be nice, and sure to be quite fat.

Other idea I had was that they may start getting heavy on further exploration, buying up further opportunities. This is purely speculative, but maybe gobble up a smaller player or two??

 

[chops_a_must]

Other idea I had was that they may start getting heavy on further exploration, buying up further opportunities. This is purely speculative, but maybe gobble up a smaller player or two??

They've previously stated their aim is to prove up and drill out the current tenements as they are very confident in them, with little view to moving outside of this for another 5 years or so.

 

[laurie]

I was also thinking what they may do in the future with all the wads of cash they will surely have by even mid 2008. Dividends would be nice, and sure to be quite fat.

Other idea I had was that they may start getting heavy on further exploration, buying up further opportunities. This is purely speculative, but maybe gobble up a smaller player or two??

Why not buy out your 1.25% Royalty NWE then I will get more AED as a script offer for my NWE shares

cheers laurie

 

[jimski]

I was also thinking what they may do in the future with all the wads of cash they will surely have by even mid 2008. Dividends would be nice, and sure to be quite fat.

Other idea I had was that they may start getting heavy on further exploration, buying up further opportunities. This is purely speculative, but maybe gobble up a smaller player or two??

Is there anyone speculating about when the company might sellout to a takeover? Dix must have a pice target....$15? $20?....at which he would sell?

 

[dj_420]

Is there anyone speculating about when the company might sellout to a takeover? Dix must have a pice target....$15? $20?....at which he would sell?

There hasnt even been a takeover offer, I think it would be very premature to speculate about price targets of a takeover. Although the CEO has stated that yes AED would be an attractive target.

 

[jimski]

There hasnt even been a takeover offer, I think it would be very premature to speculate about price targets of a takeover. Although the CEO has stated that yes AED would be an attractive target.

In a way that is my point - nothing has been tabled of course but he must have in the back of his mind what a selling price target would be. I guess it is all too speculative at this stage but I can't help wondering...

 

[greenfs]

I think it is a little too early to talk takeovers for this company as I think that Management is probably still too motivated to consider selling.

In any case, these things take time especially where the target company has plenty of upside left. You only have to look at how long it is taking BHP to make a market-anticipated offer for JBM that will prove acceptable to Kerry Harmanis. After a year of alleged back room negotiaions in London, they are still talking.

Having said that everything is for sale at the right price. Do others share my view that the obvious takeover player would be Woodside (WPL)?

 

[dj_420]

Woodside or Santos. Santos apparantly need to increase their supplies which are slowly but surely running out.

 

[laurie]

Well if you look at the closing sp for both AED hopefully will bridge the gap

AED $10.55
STO $15.40

so any attempt for e.g. by Santos will push the sp of AED way past its own making it worth approx $2.5Billion and this is not allowing for future earnings using 160m as market cap

cheers laurie

 

[bigdog]

AED Share price looking great this morning +$0.28 +2.65%

AED AED Company Research $10.83 +$0.28 +2.65% 139,059 shares $1,493,975 @ 15-Oct 10:03:54

 

[imajica]

just hit record high of $10.83

the buying this morning has been relentless

congrats to all aed holders

 

[imajica]

a chart from IPO to present day

a beautiful thing to behold for all aed holders


confirmation of flow rates should be annnounced soon

 

[imajica]

with oil over $86 a barrel - does anyone know the exact selling price for AED's oil? is this something that they will disclose via an announcement? I know they are getting above tapis price - what is the price of tapis at the moment?

 

[greenfs]

A Google search has confirmed that the price of Tapis is presently USD95 per barrel.

A check of the AED ann confirms that Total is in charge of marketing its product under a 2 year agreement with a capacity to forward sell production.

Whilst no price has been mentioned, a UBS Energy Conference presentation (June 2007) on the AED Oil website clearly indicates that the oil will realise a premium above the Tapis price. I believe that we can expect an ann by AED will clarify the premium amount soon.

 

[dj_420]

A Google search has confirmed that the price of Tapis is presently USD95 per barrel.

A check of the AED ann confirms that Total is in charge of marketing its product under a 2 year agreement with a capacity to forward sell production.

Whilst no price has been mentioned, a UBS Energy Conference presentation (June 2007) on the AED Oil website clearly indicates that the oil will realise a premium above the Tapis price. I believe that we can expect an ann by AED will clarify the premium amount soon.

Hey greenfs

Just wondering what website you used to get that Tapis price. The one i found only had crude not tapis as well.

Thanks in advance.

 

[darrenaf]

More good news from AED (it just keeps coming!)....

ASX Announcement
16 October 2007
Drilling Progress Report No 1, Puffin-10
AED Oil Limited as operator of AC/L6 reports that the spudding of Puffin-10, located in the Puffin South West region occurred 17.45 on 14 October 2007. Drilling reached a depth of 153 m at which point the 30” casing was run and cemented.
The Wilcraft Jackup rig is drilling the well. Water depth at location is 84 m. The rotary table is 34.8 m above the sea level. All depths are reported as metres from the rotary table (MDRT) unless specified otherwise.
The primary objective of the well is to drill and complete a horizontal section 200 m+ of reservoir interval within the Upper Cretaceous (UK1a) sands. The well is expected take to approximately 55 days to drill and complete. Production from Puffin-10 will be directed through the Modec Venture (MV1) FPSO. Production from Puffin SW is expected to commence in the first half of 2008

 

[greenfs]

Hey greenfs

Just wondering what website you used to get that Tapis price. The one i found only had crude not tapis as well.

Thanks in advance.

A Google search resulted in a graph at the following website address:

http://www.aip.com.au/pricing/marketwatch.htm