I have been holding Arrow shares on and off for the last 3 years and I really don't understand the current SP. PES share price has rocketed on it's recent proving up of 2P reserves and some say the shares should be at around $7.00 with the reserves they have. Now Arrow and Shell hold over 30% of Pure and correct me if I am wrong Arrow can still farm in on some of Pure tennements. Arrow are suppling power as well as gas so it should be well placed for income in the future as, well as recieving the monies from Shell , well were not sure yet.
If Arrow don't come up with an announcement soon I think the share price is going to get hammered again.
AOE Price at posting:
$2.22 Sentiment: None Disclosure: Held
