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Antares Energy Ltd. Message Board

  • stanmitchell40 stanmitchell40 Jul 6, 2012 1:39 PM Flag

    This junk is ready to crash.....

    Only thing holding it up is the share buy back. Watch for .35 cents or less next week.

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    • Thanks Stan I appreciate you looking out us that are a bit more ignorant than you.

      Just an FYI the Ray has continued to flow at 500 boepd plus for 60 days now. That is roughly 30,000 boepd production and at the oil gas cut they are seeing something around 16,000 bbl of oil

      That puts this well up there with a Bakken well and ona 40 acre spacing and drilled a for a fraction of the cost.

      • 1 Reply to winallin12
      • Yeah, I think we've established how good the Ray well is. Its still one well. Until we get a upgrade on proven reserves and more then just one good well its going to be hard to move much. This could be a very bad week for stock prices in general and oilers in particular. World economies are looking very week and oil demand is down. Long term this may be fine but stan could be right about .35 cents this week. I hope thats as low as it gets. We are facing a lot of headwinds right now. It will take some spectacular news to move this up in the short term. Posting over and over again how good the ray well is isn't going to do much. ASX should be interesting tonight.