is this a good buy at these levels , page-7

And now Clarky, with the Basker 6 producing about 13,000 bopd, it would appear that we may have hit the jackpot.

At current oil prices the Basker 6 well alone will produce cash to the value of at the very least, 1.3 million dollars US per day. A total of 474.5 million US per year, lol.

And as 40% of that goes to AZA who owns 40% of the JV, it means that AZA would receive about 190 miilion US per year on the Basker 6 alone, without taking in consideration the other producing wells.

I know that the figures I quoted above are gross amounts but, it is still a hell of alot of money though.

These are my thoughts.

Buddy