Sold half my shares. Would of sold the other half but the price dropped to hard by then. For people being hopeful this is the same language that was used when they "suspended" zapato. Also releasing the announcement a few hours after the drop i am thoroughly convinced of insider trading now. AP needs the sack. How do you mess up this many times? Why werent we in a trading halt?
No faith left in management at all to get this fixed. And for people raving on and on about 1b production...we have 20% of that 5k bopd. Look at BRK for a comparison. 1397 barrels a day in 2023 and still only a 57m market cap in 2024. We have a long way to fall.
Only hope left now is a takeover at an abysmal price.
Ann: Block 9 Alameda 3 Appraisal Update (Alameda reservoir), page-68
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