ARPETROL LTD V.RPT

Bid 0.005 & Ask 0.005

[Casholaa]

Massive stampede to get 1/2 a cent from sellers.  I'm not buying anymore for now.

[groundpounder2]

I would not describe the last 4-5 days as a massive stampede.  I see this as a Dundee client wanting out.  To hell with exit price.  I believe it is an isolated case. I must say that I am miffed as to why we are not seeing insiders buying the stock at this price.  What it's going to get cheaper!?

[Casholaa]

I don't disagree with you.  But I don't know whether the seller has/had enough shares to be a non-executive board member. All rpt needs to do is keep the money coming in to pay off it's debtors.  Once that it done I think it'll jump to around 4c.  It won't take long to build up the balance sheet.

[TheRock07]

I agree. Book value is $21 million excluding the 2P reserves . The modest WC deficiency will soon be in the past. The only question is whether they will sell the works and take their capital and consolidated shell to acquire new assets elsewhere or try and raise the capital to complete the first FV well. I am now leaning towards the former.........in which case the net cash could be above $25