junior oilers 16 february, page-11

re: junior oilers 16 february for bg Blackgold,

Thanks your feedback. I agree with you on good ARQ fundamentals but with the debt they have taken on board and Hovea drilling running well over budget suspect there is a possible capital raising in the wings. There is a hint of tht possibility in the quartrly report. Will enter if that comes to pass if not will have to kick myself again. First bought 100k of ARQ at 12 cents and then sold at 15 cents and then watched them soar. Cheers. JBC