conan, I disagree when you say it does not look good this weeks falls cannot be blamed on AED more on global events and the catastrophic events in Japan the 10% fall was on very low volume with very few shares changing hands and can move up just as quick on a positive outcome. The Brunei delays would not have helped either.
If they were to sell a part of Puffin how much percentage do you think and at what price?
What is 40% puffin really worth( I have no idea in this market but Tapis is trading at near $120)
I agree they need cash flow and I think Jerudong well will happen, I also can see them selling Puffin but who would buy it maybe Sinopec?
I still think Brunei will be a success the company seem very determined to make it flow from Lempyuang that must mean they know that there is gas in commercial quantities.
I can see Lempyuang,Lukuit and two more wells in the southern region making up a field. I guess we will know soon enough
AED Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held