Thinking out loud here.....https://www.stockhouse.com/companies/stories/v.arw/8625353
Maybe a redeployment and waiting to finalize agreement before this?
"Aroway will drill two test wells targeting the ellerslie formation before the end of 2012 to earn a 100% working interest subject to a 7% override on 100% of production."
"After extensive due diligence, we feel this is a low risk opportunity that we can drill in short order and add significant production to complement our existing oil production and deliver continued growth to our shareholders."
"The ellerslie prospects have been selected off of 3D seismic data, and are in a very prospective light oil fairway with an offsetting pool having produced in excess of 1.39 million barrels of oil."
Closing of the transactions set out in the Agreement is subject to, amongst other things, the completion of satisfactory due diligence on 1316751 by the Company, and any required regulatory approvals.
We wait.......
And its only an opinion... and we know what opinions are like. Sucks to think short term because then.. well every day is a worry.