Antrim Energy (fka ATGYF)

[kraftdinner]

Well at least its not a loss, somehow it kind of sounds more pathetic than losing a million though. I'm not unhappy with that part of it, the part that does disappoint me was that I was expecting the production increase to take them over 500 boed - for no other reason than it seemed like a reasonable increase to me as I thought they were doing more workover activity than it appears they actually were. Well at least the production will keep the office running.

The drilling they do undertake is aiming for much higher impact than anything they could achieve in a single quarter in Argentina. If just one of the offshore plays they have hits it will make the company, and since the share float is reasonable with the money raised already a miss shouldn't break the company.

I found yesterday's releases on Stockwatch, while going through them I noticed that they have a fair number of these high impact wells to drill in the next two years to fulfill lease commitments. Hopefully they hit in Australia or a long term holder could have quite the whiplash ride.