GREY:ARWJF - Post by User
Post by
Henmystirsiron Jan 12, 2012 9:26pm
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Post# 19399201
Oil is 79% of production now in update
Oil is 79% of production now in update The valuation has increased to $1.06 with the increase in oil production to 529 barrel of the 669 total. I think the oil portion was 450 ish before but not sure, I didn't keep a copy of the previous presentation. It all looks good with 11 drill targets and 16 workovers. I feel they might be keeping their year end target low at 1200 barrels. All the new wells and workovers might add 1030 barrels on their own in my estimates which puts the year at 1699 barrels. Well to me they are doing a great job after less then a year and a half at it. Keep your eye on ARW this year. All my opinions and you can have yours too.