ARQ touched on 79c. an hour ago . Significance of ARQ is now penetrating the ASX. It has "passed" the share price of PSA which has only 62% as many shares ARQ. AYO has roughly same amount shares on issue as ARQ but price comparison is $1.17 : $0.78. ARQ cash flow is very impressive at the moment as it ramps oil production , and embarks on this 10 well program . OIl price is currently AUD$47.65/bbl ,ARQ is producing > 2500boed, giving a gross cash flow of AUD $120K/day ..... We should see prices higher from here !
