SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (26359)3/3/2005 11:17:28 PM
From: Taikun  Respond to of 312307
 
Kastel,

I added AY.UN today. I think that's about it for a 16%er. If you see the NR, it should be rising from here. I poached the details from Stockhouse. Anything to $12.00 (16%) is a bargain.

Congrats to all of us who bet on the underdog. the numbers are great!

David

APF Energy Trust

(TSX:AY.UN) (TSX:AY.DB) ("APF" or the "Trust") is pleased to release

selected 2004 year-end reserves information and details of its 2005

budgeted capital program.

Highlights

- Proved plus probable reserves increased 46% to 58.7 million barrels of oil equivalent.

- Drilling and optimization replaced 93% of 2004 production. Together

with acquisitions executed during the year, APF replaced 314% of its annual production.

- Coalbed methane ("CBM") reserves increased 190% to 25.54 bcf. Daily

production from all of APF's CBM assets now amounts to 1,800 mcf/d.

- Net asset value per unit (proved plus probable at NPV 10%) increased 53% to $8.08 per unit.

- Finding, development and acquisition ("FD&A") costs, inclusive of
future capital obligations, were $16.86 per barrel of oil equivalent
(rolling three-year average of $14.74 per boe).