Lots of HYPE coming from the Company about share pricesFirst they believe that the Alberta government is going to compensate the company for 51 million dollars for the Clearwater property. They don’t have it yet and are complaining about share price.
Second look at what they accomplished with the 51 million dollars, 60 boe/d and how long did it take them?
Only current play is at Algar lake and is cold production which usually doesn’t generate much.
Yes they have a number of leases for different property but no action, they are monitoring everybody in the surrounding area but they are doing nothing. Just because somebody say there is X amount of oil in Y country doesn’t mean anything unless you drill and hit it.
AOS is going to want JV partners to share the cost and do the drilling, this takes time. Talking about time, they and or JV partners are going to have to do an analysis to find the best place to find oil.
Don’t forget all the time reference licenses and paper work this is all time consuming.
The kicker, time, let’s say a month, what happens to the share price, up, down, sideway. She has been going down.
30 August the company states their shares are undervalue, trading at half their value, the share price is working it’s way down. AOS is going to have to get to work, find JV partners for their properties and start drilling.
Time is the share price enemy, if nothing is going on, the price usually goes down, which gives us a loss.