RE:RE:RE:RE:RE:RE:RE:RE:Strong volume, odd closeI read the Sedar documents. There was nothing in there about what you mention. I think you guys are just paid pumpers or penny flippers trying to run up the stock price instead of letting the price appreciate on its own through real value. You are making up stories about talking to Ian and posting up what looks like wild misinformation.
I don't have to trust what you say, especially about you calling Ian.
I am bullish on this stock, but not through wild fantasies of value that you paid stock promoters and penny flippers write on here.
You changed the tone of this conversation. Not me.
DocPat wrote: Good morning Kevin,
I would encourage you to call Ian Habke, President of ArPetrol and thak with him as I have done and as The Rock has indicated he has done as well. Also, spend some time reading the past press releases, past anylist coverage including Raymond James and Canaccord as well as others and you will have a better handle on this than you appear to presently.
I did not say they were "drilling" wells for $250,000. I said they have wells to be "completed" that is to say wells that have already been drilled but were not completed due to low gas price at the time they were drilled. These wells, I believe, are immediately adjacent to the company's existing production. From the posts here by The Rock, my own reading of previous MD&A's, press releases, conversation with the president Ian Habke is where I get my opinions and information about the company. Not sure if I appreciate the implication you make about insider information. It's all out there, you just have to do some work yourself to find it.
With an oil and gas and business background it doesn't take very long to outline a business plan .. That is what I have laid out for you. Completion of existing wells that have a probability of taking the company to over 1000 boe/d. By the by, what do you think that will do to the share price .. It will go up .. The offshore assets are development assets. This makes finding a partner much easier .. It simply comes down to terms negotiated .. And ArPetrol may want to retain more of the wells and so letting the gas plant build up the bank account to do just that.
As you said, they could wait a year or so and drill it themselves .. Would that be so long to wait to see this stock go to 0.30 preconsolidation as the anylist had targeted previously with the drilling of the first well? That's $7.50/share post consolidation my friend, and that was based just on the first well being drilled .. There are three development wells and several additional wells the would be corner shots to these development wells.
From a conversation with Ian Habke, the gas plant could be expanded to handle twice (pretty sure he said double) the current capacity as well as optimize the plant to get more liquids from the gas and thus much more profit for ArPetrol and the companies selling gas into the plant .. Which includes ArPetro.
Lets see if you can add some value here Kevin rather than contributing uninformed and negatively biased comments.
All the best to longs,
Doc.