Sunday, August 02, 2015 4:50:54 PM
Business Description (from 10K):
On June 10th, life began anew for what was previously a shell company:
Ownership of oil producing assets:
Click to see video on their Burns and Rogers asset
On June 12th, they retained a 'Top Notch' IR Firm, MZ Group: Check out their client list.
Revenue Diversification:
Best part of it all...financing is being obtained via a direct allocation of discounted common stock (i.e.- no dilutive, toxic financing deals!!!)
In summary, AREN is acquiring distressed oil properties that are 'immediately' producing revenues while diversifying their portfolio through the purchase of 'Wellbore interests' from legit oil companies such as Apache Corp (NYSE-traded: APA) of Texas as stated in their most recent PR. New assets are being purchased via cash on hand and funds generated through non-toxic share purchase agreements.
IMO, this QB-listed company is shooting for a 'higher tier' status. Keep watch of this space and AREN in particular. Someone's been buying their shares!
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