DarwinE - all good questions. Certainly not enough information from AJL on this investment and given the long delays in drilling obviously not going according to plans. What are the reasons for the delay and what is AJL doing about it?
I note that AWE have a similar arrangement in Texas - it's called Sugarloaf AMI (Area of Mutual Interest) - aquired late 2010. They have a 10% working interest and recently announced an increase of 37% in their net share of 2P reserves to 8.6 million BOE. Things progressing ok for AWE.
What and when was the last information released on the Canadian investment(s). T
AJL Price at posting:
$2.15 Sentiment: Buy Disclosure: Held
