I think the bigger issue is creditablilty , capability
I note the following statement in the quarterly
“ We would like to thank our shareholders for their ongoing support of the company as we look to deliver on our company strategy in 2017. We appreciate your patience in this challenging oil and gas market, that has seen many bankruptcies and significant shareholder wealth destruction in the US and Australian markets.”
How do aow shareholders who entered at ipo feel about significant value destruction ? Check the share price charts to validate
Secondly , the two key assets the company owns , what progress has been made , are the operators of these assets the same the offered to buy the company at 22 cents , no action on assets and not much of a mention in this qtr report
So I question cred and capability
AOW Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
