realistically for AKK to be growing the company they seriously need thousands of barrels of oil per day of production... 80ish is a good start, it wont build a company, it will slow the process of fail down...
armstrong announcement nothing special...
Need another 20plus Armstrongs....
Ive seen these US wells all before, company hit successful gas discovery... the SP falls...
shareholders jump up and down...
shareholders of virtually every single one of 30ish ASX juniors in the US region suffer the same thing...
NEGATIVE CASHFLOWS...
there is absolutely no indication that these 30 or so companies will become cashflow positive, with AKK being right at the top of the list...
dribs and drabs...
Im sorry, but ive been saying it the whole way down since 20cents...
a slow death...
This well with ADE is REALLY worth waiting around for...
through it could emerge a new oil company that will hopefully refocus its strategy away from the US...
and into areas that will create better returns for shareholders...
gl...
.^SC
armstrong into production., page-10
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