aed's fate - in next few weeks?, page-17

Thanks for another hysterical irrational post. This down ramping along with the short selling that has been taking place in the last 3 trading days of over 1,030,000 units(in case you hadn't noticed) is helping drive it down and very close to my next buy order.

Sometimes in the market if you can keep your nerve whilst all others around you are panicking there are opportunities to be had. Some of my best buys were made during the GFC when some good stocks went south very quickly.

Now before all the downrampers want to get stuck into it (and by all means please do so to help get my last order filled),I am not asserting that these wells are a dead certainty to flow HC's but at these prices for me it is a good punt IMHO. It is worth noting that since the drilling program commenced on 3 May last year the SP has almost halved and the current market cap IMO barely reflects the value of the Puffin fields alone so I won't be devastated if these two wells are dusters. However, IMO if there is no major water ingress in the Blue Zone it should flow gas. It is a 34 metre thick reservoir which is very substantial. The gas flare in the last ann. from a thin section of the Pink Zone has shown that the gas is capable of flowing.

I acknowledge that if these wells are dusters in the current market conditions AED will be further punished but IMO it will recover.

So, to those of you inclined to do so off you go and downramp your little hearts away!

ANZ