AED 0.00% 14.5¢ aed oil limited

Ann: Brunei Acquisition Agreement Signed , page-2

  1. 2,843 Posts.
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    This deal has been executed in a very timely manner and gives the long termers some hope that we could see some value restored to the SP as early as first half next year. This acquisition has been completed at low cost and the land based drilling if successful means we get more bang for the exploration buck.

    Pending the release of seismic data, Brunei Block L looks to have reasonable prospects. Subject to more detail about the drilling targets, I may look to average down my holding. Optimism is returning for the first time in a long time on this stock.

    ANZ
 
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