To All: I honestly don't understand how you can compare AIPN to OIL.
They are to different critters, but if you are going to try here is some info from another thread, posted by Alex Romanoff( he deservres the credit for DUE-DILEGENCE), pleases read it carefully, then go to
Tritons homepage and read the history before you come back to post your comparisons.
Further info on your Triton musings - OIL Quote History:
High Low
1991 First 11 5 7/8
Second 21 3/4 11 1/8
Third 47 1/8 20
Fourth 52 1/2 32 5/8
1992 48 1/8 26 3/4
1993 43 7/8 27 3/4
1994 37 1/4 25 1/8
1995 57 3/8 31
1996 59 3/4 40 1/2
I've owned OIL on and off since late `92. Back then I was totally
green, and set off to make my fortune using the Buy high, Sell Low strategy... OIL is
the stock I love to hate, I always seem to buy at the wrong time... Anyway, enough
bragging about my stock credentials <bg>.
My oldest OIL annual report is from 1993. At that time, they had declared
commerciality of the Cupianga and Cusiana fields in June 1993. At year end they had
six completed wells with test data as follows:
Oil Gas Completed
Cusiana 1 1930 bpd 13mmcfpd ?
Cusiana 2A 6318 bpd 28 ?
Cusiana 3 2620 bpd 3 1993
Buenos Aires 1 6999 bpd 16 9/1992
Buenos Aires 2 3590 bpd 4 1993
Cupianga 1 7215 bpd 29 5/1993
Three wells were in progress. My info doesn't go back to `91 to account for the
original price run-up. Of note, the pay zones in the Cupianga and Cusiana fields are
Mirador, Barco, and Guadalupe, with a repeat Mirador at 17,000 ft. Refer back to
HEC Estero #1 report 3/19 - untested zones are Mirador and Guadalupe. My oil
fundamentals are
sketchy, but I assume that these are geologic formations that are continuations of the
ones on OIL's discovery?
tritonenergy.com
is an OIL page with info about Cupianga/Cusiana (check out their homepage, I wish
HEC could have a web site half as informative!) HEC's Alcaravan is somewher south
of this.
I recall back in `92 there was a lot of buzz about a billion barrel find, but BP was being
very conservative in acknowledging these numbers. Other diff's comparing to HEC,
avg shares out for OIL `91, `92, `93 were 20M, 29.8M, and 34.2M respectively.
OIL also had
ongoing ops in US, Canada and France that had proved developed reserves, and
other businesses which accounted for revenues of $209M, $125M, and $110M from
`91-'93 (current comparisons have been restated for discontnued ops). Although they
have their fare share of debt, a lot of their capital was raised selling off these assets.
Having a BIG brother like BP on the team didn't hurt them either I'm sure
Again info supplied by ALEX-A helluva backpacker
Regards,
Kenny |
