If a uranium company said there was the potential in their leases for 10 billion pounds of uranium how high do you think the price would skyrocket to?
In addition, imagine if this company already had $60 million in cash, was operating profitably and was debt free!
Well, something along those lines and even bigger was said by ARQ yesterday, when ARQ indicated that there is a well developed petroleum system in their Canning Basin leases which has "the capacity to generate tens of billions of barrels of oil".
It seems that the masses are caught in a hypnotic trance as far as ARQ is concerned and are not waking up from it.
It seems the masses do not even want to know.
REPEAT:
There is a well developed petroleum system in ARQ's Canning Basin leases which has "the capacity to generate tens of billions of barrels of oil".
Success in the Canning could very quickly turn ARQ into a multi billion dollar company.
Think about what the North West Shelf did for WPL.
There is very interesting presentation from yesterday with information about gas, oil and the Canning Basin at http://www.arcenergy.com.au/files/asx/ASX%20-%20AOG%20Conference%20Presentation%2021%20Feb%2007.pdf
let us keep this very simple ..
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