AED - AED Oil

chops_a_must · 7 December 2006

kennas said:
Any other companies likely to share in the spoils from a Puffin upgrade?

It is the Puffin upgrade. See post #27. Strange, at the time, the SP went down after that announcement.

catihouse · 8 December 2006

"Any other companies likely to share in the spoils from a Puffin upgrade?"

Yes

NWE has an overriding royalty of 1.25% of the production. This has been estimated to be worth some $33m + to NWE. Go to NWE announcements. Market cap of NWE is approx $20m only, plus they already have $6-7m in cash, plus other prospects and income. Worth a look.

Sean K · 8 December 2006

catihouse said:
"Any other companies likely to share in the spoils from a Puffin upgrade?"

Yes

NWE has an overriding royalty of 1.25% of the production. This has been estimated to be worth some $33m + to NWE. Go to NWE announcements. Market cap of NWE is approx $20m only, plus they already have $6-7m in cash, plus other prospects and income. Worth a look.

It has a market cap of $20m and they are making $33m a year from royalties?

catihouse · 8 December 2006

$33m total in royalties on reserves disclosed so far by AED.
Royalties spread over about 5 years, with about 85% due in next 3 years.
Also get royalties from another project of approx $1m pa, plus good prospects in UK gas play (Bounder), if NWE get their act together. Announcements due soon on this.

Current share price is approx 50% of nta.

Ken · 8 December 2006

so nwe looks like a buy then at this price.

YOUNG_TRADER · 8 December 2006

laurie said:
speeding ticket issued and Coogee resources pulled the IPO at the last minute

cheers laurie

Sorry guys, don't know too much about Coogee but whats the Link between AED and Coogee?

Also do people think that yesterdays price action was to do with Coogee IPO being pulled?

Can someone join the dots for me please

Sean K · 8 December 2006

Ken said:
so nwe looks like a buy then at this price.

You would have to think so wouldn't you Ken. Might have to have a closer look.

Ken · 8 December 2006

spoke to the guy at UBS again today.

AED is being highly recommended to there clients even at prices we see now.

still cant bring myself to get on em...

YOUNG_TRADER · 8 December 2006

YOUNG_TRADER said:
Sorry guys, don't know too much about Coogee but whats the Link between AED and Coogee?

Also do people think that yesterdays price action was to do with Coogee IPO being pulled?

Can someone join the dots for me please

Still confused re Coogee and AED link, can someone fill me in, I just can't be bothered doing anymore research till Monday

Also what makes you guys think its Puffin Reserves?

I'd be a happy chappy cause I like NWE!

YOUNG_TRADER · 11 December 2006

YOUNG_TRADER said:
Still confused re Coogee and AED link, can someone fill me in, I just can't be bothered doing anymore research till Monday

Also what makes you guys think its Puffin Reserves?

I'd be a happy chappy cause I like NWE!

Running up again, nobody has explained the AED/COOGEE link yet,

Ken what sort of a price target have they set on AED?

And is it something to do with Coogee resources or Puffin Reserves as Chops a must reckons?

YOUNG_TRADER · 11 December 2006

Ok did the research myself, (Thanks guys really helpful!)

Turns out Coogee Resources permits are adjacent to AED,

Coogee Resources was gonna be a huge $600m+ Book build type float, they were listing with Assets of about $300m Cash and 40mmbls Oil

I'm pure speculating here but maybe they're running the ruler over AED and hence didn't bother with float as they could do an T/O to faciliate lisitng, probably wayy off, but its a thought

YOUNG_TRADER · 11 December 2006

Broke out to another all tiem high of $4.20, currently at $4.17

I really hope this is to do with Puffin because I don't have any AED, just NWE which gets Royalty from Puffin

Sean K · 11 December 2006

YOUNG_TRADER said:
Broke out to another all tiem high of $4.20, currently at $4.17

I really hope this is to do with Puffin because I don't have any AED, just NWE which gets Royalty from Puffin

Yeah I've taken some NWE just in case. Cheers.

laurie · 12 December 2006

High of $4.27 something is making it attractive to investors..... what !!

cheers laurie

YOUNG_TRADER · 12 December 2006

It just keeps going up

It can't be to do with Puffin otherwise NWE would be rising too, which its not, it might be that Coogee Resources thing, takeover/merger something lik that

Thoughts?

Ken · 12 December 2006

It is because there have been reports floating around the investment companies such as UBS with target prices of $12-14 in 12 months time.

Not saying its going to get there.

But that is what landed on a friends desk who works for UBS.

I do not hold.

chops_a_must · 20 December 2006

Go you good thing!

michael_selway · 20 December 2006

chops_a_must said:
Go you good thing!

Numbers look good

EPS(c) PE Growth
Year Ending 30-06-07 -7.2 -- --
Year Ending 30-06-08 268.6 1.6 --

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -4.2 -7.2 268.6 108.6
DPS 0.0 0.0 25.0 5.0

thx

MS

laurie · 20 December 2006

If the poo was over $70 this now would be over $5 heading towards $6

cheers laurie

YOUNG_TRADER · 20 December 2006

I just realised AED has Approx 220m shares on issue fully diluted including 20c unlisted options etc

At the closing price of $4.58 AED had a Mkt Cap of $1Billion

Thats amazing AED has joined the Billion Dollar+ Club!

AED - AED Oil

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Coal & Phosphate, thats it!

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