I know that you consider that AYO may use a lot of "hot air" but does this view validate your comment:
"AYO is still gas flow negative"
But to move on to ARQ. My numbers give a diluted 170 million shares @ 70 cents for a market cap of $120 million. They look OK on a cashflow basis but interested in the reserve position since at 8,000 bopd they recover nearly 3 million barrels per year from the field.
