RE: RE: RE: From June 7th: A ridiculous statement is saying that with the current program they wont maintain production or offsett decline when in your following post you clarify that you have no idea if they are drilling?
What??? I truly believe if they are only using one rig to drill - as seen in one of your last posts - that if the wells are status quo, ARN will not meet their self-imposed targets. They had decent growth with 4 rigs, they will contract with one rig. The only people that know if the drill is turning are insiders and field staff...
Dont post rumours because you lost money on the stock or got fired lol.
Not rumor that drilling manager is no longer there...phone the company. I have only ever invested in ARN...never an employee. I work in oil and gas and know who all the insiders are.
Post facts or wait for the Q2 results.....downside is limited at these levels with the entire oil market rallying.
Downside is never limited...until you reach zero!
This thing will turn around just like PBN did last October as low decline oil assets are valuable and the waterfloods will work as they did in offsetting pools.
Time will tell...I BELIEVE Q2 results will be October 31 as it is the last day to post results and results will look poor. If they have a good Q2 the results will be announced in the next 2 weeks...just my opinion!
GLTA,
911