Seriously!!!!!!
We are going down because of oil per bbl price not holding up. These oil prices started dropping since July....we hit some bad wells during that time too...hence the constant drop.
If I was the CEO of AOI, I wont sell the company until I have proved reserves and drilled all 6 basins. We currently have seen 1.29Billion BBL a number that will go up as more basins are drilled.
Why would I sell a company before "all eggs have hatched". If I am a buyer I want most of the acreage I buy de-risked in such shaky times.
Its actually cheaper for them to drill now that oil prices have gone down. Last I heard it was $7mil....they will get more efficient.
Dilution is on its way but not until we hear results of 2 or 3 basin openers. So I am keeping my hands crossed but I am still hopeful. People who want to bash will continue bashing to sway the crowds...