junior oilers 16 february, page-9

Jocam keep it up, all we need to do is remove the OT crap that's posted in the general section and HC might become respectable :)

Sad to see you don't have ARQ in your portfolio? Hovea-5-6-7-8-9 .. is drilling successfully then Erimia, a Hovea look alike. And there's a plethera of similar prospects nearby, not forgeting CH and Mentelle.

Oil prices may fall but even if Saudia /Kumait go for market share and hammer the oil price, ARQ is still a quality oil spec with huge potential, holding an interest in most of the sweet spot of the North Perth Basin. Traders / sharks might be waiting for this moment to buyin /take over.

I would be VERY surprised if ARQ, and possible AWE (on Mentelle success) aren't assulted by takeover offers, from Origin(?), STO(?), TAP(?), Apache(?) and others. ARQ will be running 3D seismic near Jingemia and drilling mid year so it would have to come before then.

As far as I'm concerned ARQ is $2 company even with low oil prices ... and yes, i am in love! :)

Fingers crossed for the 3 way dip mentelle!