Looks like the Ann regardng pel 105 was well orchestrated, delivered just at the end of week near the end of the day. Would expect this to be followed up by a pre open Ann on Monday or even trading halt depending on how far the production set up has got. According to the Ann dated 19/03/10 it should be 3 to 4 weeks till the salt water pipe has been laid which the 16/04/10 makes it 4 weeks flow rates are not far off for Armstrong and again pel 105 may be a disappointment being delayed but at least by the time it's ready to be drilled the company maybe cash flow potive.
AKK Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
