re: Ann: Appointment of Director - Alexander ... CrackpotYour...

re: Ann: Appointment of Director - Alexander ... Crackpot

Your synopsis sounds like my high school projects on refraction. You know, bend the light. lol

AOM have barely 180 BOEPD in the two fields they are purchasing.

For that they are paying:

$2 million cash

55 mill in AOM shares post consolidation = $11 million

$600,000 to each of the directors at .20 cents in the money post consolidation.

AOM also take on $43 million in debt. For which $4.3 million needs to be paid on transaction. What a doosy! That wasn't mentioned in AFR.

They also have a target to drill 9 wells. And are raising at least $10-20 million via placement.

Its all in the explanation announcement.16/10/12

No sooner for CR another will be needed.

If its risk v reward in the speculation stage I'll take CTR.

Do I need to go on about the diferances in the drilling expenses. like for instance AOM have to outsource all thier drilling.

Cheers!