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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (62304)3/31/2006 5:59:16 PM
From: James W. Riley  Read Replies (1) | Respond to of 206316
 
Ed and Bob, just how does AEN plan on getting their product from the Douglas-1 site in Papua New Guinea to market. Looking at the site map it appears they are 100 miles from a pipeline and 10 miles from a river. If they are trucking on logging roads that would increase costs. One way or the other that would be a sweet discovery.



To: Ed Ajootian who wrote (62304)4/2/2006 10:31:07 PM
From: HotnSpicy  Read Replies (1) | Respond to of 206316
 
AEN - 150MM bbls is possible OOIP as I read it. One needs to apply a recovery factor to your numbers, say 30%.

And using $15 (let alone $67) is a high valuation for oil in the ground in that part of the world.


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