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I'm still accumulating what I can. I do not mind the compression. I'm waiting for some other plays to come thru then I will buy more tomorrow or next week.
I agree with all of this. MM's compress the price before the run...
News is around the corner, why would they sell?
$100 from AERN is a pretty tall order these days...
What's the good word Surf? Are we getting news before the Q2 report? I can imagine getting improved oil production revenues from TX leases and another PR with new wells online and increasing production for Q3. I don't know, they have been awfully quiet though... maybe this goose IS cooked afterall.
I could use a 2-3 day delay too... Good news is inevitable at this point! Which is great even though I'd like to accumulate more at these prices.
Looks like next week this pipe work will be complete.
Perfect, thank you!
How long will it take to weld 5 80' sections into place?
You can make up your own calcs with all the data available. XYZ has posted his estimated pps based on oil price, float, future earnings, etc. At the end of the day pps is based on perceived value...
Thanks, this is a great add to oil revs!
Thx... makes sense. Don't get me wrong, I appreciate all of your time spent here and updating the board. Its a good community here.
We can agree on tht XYZ... the big picture.
We need to focus on the big picture not just one well. Things need to happen in succession. Mustang, DBar, South TX , VM... The burning question for me is: How are they going to pay for new leases and VM development w/o increasing float?
WGAS is looking at 16 bopd from I-1! Thank you I did not see this figure. Therefore...
16x95= $1520/day
25 pumping days/mo =$38K/mo
$456K/yr (OIL ONLY)
It could be more after testing, working over, cleaning etc...
Dude, you keep doing this. I keep saying he is the most transparent CEO around! Tony can answer what he wants to. Can't hurt to ask and I do not need your permission! Tony can respond or not respond if he chooses to. I've said in previous posts that we won't truly know until it flows! Would you prefer investors expect 500bopd or more only to be disappointed at a flow of 75-125 of which WGAS gets 10%? People here need to have realistic expectations! Why is it so wrong for me to ask for anticipated production figures on I-1 when they have it posted for VM179? Not everyone here needs to agree with you!
Agreed. I think the important thing is to give shareholders some figures on Mustang so we all have realistic expectations . I'd hate to see hype and then disappointment from people not being realistic. IMHO we're looking at 15-40 BOPD + gas numbers!
Let's hope so!
I don't expect a detailed response. Hopefully, a great PR coming though!
I agree, the point of Mustang is to get the ball rolling and finance other projects and acquisitions. Demonstrate competency in developing properties to attract investors and financing. I see the reserves are sunstantial, I wonder what that translates into daily output though.
Well, we get 10.35% whatever the output! Let's hope for a lot of it! OIL & NG!
They won't know for certain until they actually take flow measurements but I'd like to think they have an estimate that convinced them Silvermere and Dominon to spend millions developing it...
I just posted anoter question for Tony on the website... How many bopd + gas is he anticipating from the I-1 well?
Immensely helpful, thank you!
It will take a few mos to develop I'm sure... Probablly starting after Hurricane season.
How long will it take to get VM179 to full production? That will determine how fast we'll get to $1 & getting the aquisitions running... I'm very excited! Q4 2012 and 2013 will be HUGE if Tony's plan gets executed!
Sorry I meant Q1 in 2013 per Tony's comments. Q4 2012 is looking unlikely.
Re read all of the news and DD. No need to explain this. Didn't you sell?
(VM179)We should be getting more analysis in a few weeks.(10 days per Tony)He also expects to drill it in Q4.... Still anticipating 2500bopd until they know differently from the new round of analysis. Two more TX aquisitions on deck which could be equally as big as VM179 but with higher revenue interest.... Hopefully we'll know more but imho Tony would not be looking at them if they did not have big potential.
Do ya think they're testing all of the platform equipment and electronics while the pipe is getting laid?
I just hope they get these 2 TX aquisitions before oil spikes or war breaksout in the Middle east.
9.5MM in volume...
Ha ha! I laughed too when I heard it!
Is bio fuel in our future?
That's about 6 weeks away, wish I knew what they are up to...
Was that a typo? Not August 15?
I'm ready, bring it!
What do you think will happen with AERN over the next 2 weeks?
Watch for increasing volume and pps leading up to Aug15th.
2 weeks until financials due! Maybe we'll see some other developments too! JV, acquisition , sale, rework progress, who knows but I'm willing to bet they'll announce at least 2-3 PR's in succession in order to boost pps and get this back on track. Hoping to get to at least .0035 and break even.