AOW 0.00% 2.1¢ american patriot oil & gas limited

I like what they are doing. When you are looking at assets like...

  1. 7 Posts.
    I like what they are doing. When you are looking at assets like this, it will take time to find the right deals. If the deal was not right then it had to be rejected, better than buying a lemon. It appears that the reason that due diligence was taking so long was that the claims could not be substantiated to AOW's satisfaction. They have clearly lifted the hood and there are liabilities, and the reserves and production claims were not proven. I believe that they have a number of deals in the pipeline and they are doing thorough due diligence on them to make sure they stack up. They will pass on them if they don't. That protects shareholders. They have plenty of cash and they are preserving cash by doing stock deals. Good plan for the company, their strategy is great.
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Currently unlisted public company.

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