Wednesday, December 10, 2014 12:35:12 PM
So, AOIFF is near $2/share. We all agree that it's way under valued. Here are a few thoughts.
We have 300 million barrels proven with many more prospective. That oil is worth $4 today (guess) and when the pipeline is built in 2019, it will be worth $10 (keith hill said that a few years ago, if I recall). The market is valuing the proven oil at just $2 barrell and no value for the company's other assets, blocks, etc.
On top of that we have funding ($350 million last summer) to carry out the near term drilling campaign of 4-5 appraisal wells that will increase the number of proven barrels AND 4...that's 4!! new basin opener wells. None of this enterprise/exploration value is priced into the share price at $2 if you assign $2/barrel value to the proven. This crazy low price just doesn't make sense.
AOI is in a real strong position to move up. All's it takes is success with the drill bit and time. Here's hoping for one or two new basin successes and a quick recovery of share price....then KH will go out and secure the next round of financing, or bring in a JV partner...
The low share price is like a punch in the gut...but the game is still going very strong. Gotta be optimistic.... maybe buy some more???
dat
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM