ASPN - CEOCast Interview: Anyone listen, thoughts? My rambling notes while I listened are as follows:
Good general information. Discussed deep light oil well play that should have information within a month. Hoping for the best on that well and mentioned it is adjacent to a field that has produced 7M barrels in the past.
Aquisitions are tough, but getting easier. Discussed the prices of discovery vs. purchasing a field. Looking at many options, but won't chase high price. Currently no gas hedges, but it typically comes in to play when things get volatile. May have opportunities later. ASPN has had good success with getting drilling rigs with 3 currently running. ASPN is popular with drillers because they pay immediately with good advance planning. Thinks this year will be in excess of 10 wells. If oil well is successful, things may accelerate a bit. Shareholders should look for increases in production and profitable quarters.
Mat