Amity Oil - when will it move, page-5

Hi Jocam,

Yes i agree price should be going gangbuster's but isn't.
Probably several things.
1) Oil is currently weak, other oil stocks also in doldrums
2) Lack of recent activity/announcements, mainly due to winter in Northern Hemisphere. This will change soon.
3) Waiting for new customers and cash to start rolling in from GAS sales, this is happening but slowly. Need some more announcements rearding new customers coming online tp puish it along.
4) Recent issue at 75c + spp has depressed price from mid 80-90c. Some insto have come onboard.
5) Middle east / India location doesn't help.

I believe it will move when next well is spudded. The activity on Beyaskoy-1 was vastly different to current activity. Once the cashflow is proven, perhaps the market will reward us.