Antrim Energy (fka ATGYF)

[kraftdinner]

Another good move today. According to a post on Stockhouse, it is being attributed a 'spec buy' recommendation put out today by Cannacord (UK) on Antrim and Oilexco. I haven't seen it yet so I don't know what their targets are but the John Clarke report from a while ago gave a $1.91 a share target based on a P10 discount of the estimated Australian resource prospect. That was written before they bought the lease interest in the North Sea which has two old wells which flowed at about 1200 and 5500 bbld, I have no idea what reserves are attributed to these wells or how much value this lease and reserves add to the share value. My guess is there is still more upside due to the North Sea license, wild-a##-guess, a dollar. Anything higher than that is pure spec on Australia and a person buying is going to have to think hard with attention to capital preservation.

My penny's worth,