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Gold/Mining/Energy : ATPG Shareholders -- Ignore unavailable to you. Want to Upgrade?


To: thatsnotluck who wrote (222)8/30/2012 4:59:19 PM
From: broke11 Recommendation  Respond to of 3620
 
They should be able to get there but, they should have already been there. The Morgus well is already falling off and finished Apr with only 6749 boed! That's compared to over 8590 in March! Producing much more water now than before.

Also the 39000 BOED needs to be figured at between $75-80 considering the oil/gas mixture.



To: thatsnotluck who wrote (222)8/30/2012 5:17:40 PM
From: Area51  Read Replies (3) | Respond to of 3620
 
All I saw on recent management projections was this one-liner from Aug 20:

ATP Guides 18-Month Revenue of $613M (Benzinga)

Was there some color provided on that estimate? Was that a backword looking 18 months??

At 35 million per month the common and preferred are likely toast, and the non-senior bonds probably over-valued at the current quote?