Bank loading up!!Speaking of banks loading up. That is exactly what is happenning. The 100 million dollar debt financing is going to be done with a Canadian bank, part of the deal is that the bank is going to accumulate their position in AOS before they release the official announcement on the debt financing being done. The stock price and exposure of AOS to the market will obviously increase with having funding for the pilot secured.
The results from Wildmint whether coming or not, if not here in week or two means that they drilled a large duster, if it comes out that they have little time to benefit from the Nat. gas well this year due to the thaw.
Ladyfern being drilled right now, at best one well, at best they can maybe get bankable reserves, 7.5 kms to tie in to pipeline, not happenning this year, thaw comes early. Two wells drilled this season Wildmint and one Ladyfern, great drilling season. Nice partnership with Arcan, looks like they saved the real good stuff for themselves and the maginal, expensive, prospects for AOS to pay for, they only have to pay tie in costs if they hit something. Sweet deal for them. Hit nothing, pay nothing. Two wells drilled all winter, is that a usual number for drilling?
Waiting on Ryder Scott report to update reserves at Clearwater to bankable reserves. Maybe that is not coming as well. I can't see Ryder Scott being all that busy right now.
Anyone check our what ARN (Arcan) has done for stock price in the last 3 weeks. Lets just say adding about $1.50 or more to your stock price is no small feat. That was a horse I wish I would have backed. I was expecting big things from AOS, but again I was foolish to think that things are actually happenning.
Check out where CLL, ARN, and STP are year to date. Hint : way ahead of AOS on % increase in past 365 days.
For those that keep selling to keep stock price betwen .36-.39 cents, please hurry up the selling so the bank gets their position and then the news is allowed to be released.