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Antares Energy Ltd. Message Board

  • marymopes marymopes Dec 31, 2012 10:14 AM Flag

    Congratulations!

    It's amazing a POS like this that has enormous debt and very low production is still trading above .50 cents. Who says there is no Santa LOL.

    Sentiment: Strong Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • My last post on these idiots....
      They have a marketing piece out. They tell people their cash is x as of a quarterly report. That was sept. in the same quarterly they had borrowed over 58mm on their line but magically
      Their debt is now 50mm. Almost a $10mm swing on the debt and how much cash they use in 4 months? Shaaaaaaaady? So long people. If you own it you're on your own.

    • Reserves: The above table is based on information which has been compiled by Antares Energy’s Chief Operating Officer, Mr. Matt Gentry, who is a full-time employee of Antares Energy. Mr. Gentry exceeds the professional qualifications of reserve estimators as set forth by the SPE/WPC/AAPG/SPEE Petroleum Resource Management System (SPE-PRMS). Mr. Gentry is qualified in accordance with ASX Listing Rule 5.11 and has consented to the form and context in which this statement appears.
      Well at least we have that 3rd party reserve report, right?

      • 1 Reply to reggiejackson936
      • lol,,, I think not... I`m long LVL.v/lvlef these canucks are much less shady than Auzzies...LVL has the basin producers.. But the real wild card is their Mitchell Ranch on the east shelf...Also long CEX.v/cxlif in the Montney... Their liqiuds sell for brent prices with first flows from Montney(Kakwa acreage) to be hooked up anyday now...Both use 3rd party reserve engrs..lol... for LVL info google "wolfberry post"..

    • No monthly production report for nov, no weekly reports for weeks.
      No real reserve report.
      Aforementioned debt growth, production accounting, enterprise value
      Accounting, blah blah.
      Stock up something like 20% in 3 days. This is like watching some kind of reality tv show where there's no reality.

    • Not quite above .50 back down under.
      Enormous debt, poor accounting (if they can't add up enterprise value correctly or tell investors exactly how much they've borrowed, what else is in the weeds?).

 
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