Means they may have paid too much for these assets. Intangibles are things like goodwill.

No.... market cap doesn't change as result of a split. You'll just have a higher share price and a smaller number of shares out....

Sa you have a share price of $2 and 100 shares out = $200 market cap. A 10 for 1 reverse split would do the following

$20 share price and 10 shares out = $200 share price.

Same as before.

Then the PPS post-reverse split will be higher.

NOthing complicated. You take the PPS before the split, multiply it my a ration, you get the price post-split.

Hey: What kind of news are you expecting???

What is this PR you are expecting?

If you look at those five names, you will realise that Cannabix Technologies (cse:BLO) is there. If you look at the price chart, you'll notice that it EXPLODED in recent days... Now if the same could happen for Matica....

The CSE (exchange where BLO is trading on in Canada) does not allow stop losses. (I tried, but discount brokerage called me to tell me it wasn't allowed on this exchange)

Could also just be the technical analysts closing the gap between yesterday's close and today's open

Someone should tell this guy that Canadian corporate issuers must file all their financials on SEDAR.COM.

All of Cannabix's financials are there and easy to access...

All I can say is: KEEP EM' COMING!
I've been selling small chunks of shares in the past few days in strength. It's a great story (very speculative, but if it works, it'll be amazing)

Always good to take some off the table to pay yourself.

10-Bagger
Officially had my first 10-bagger with Cannabix today! WOW!

In Canada, all public filings are done on SEDAR

See link below:
http://sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00034382

I wish you success DDhawk.

I only trade Canadian stocks, so no pink sheets for me! :)

You can see what I'm trading on Stockhouse (pitbul13), by looking at which boards I post on. (Dont pay attention to my portfolio, i haven't touched that thing in ages!!)

Cheers!

DDhawk! How have you been!!??
Have you spoken to Colin recently? are those guys still running the company? Looks like they've had no news since the abandonned well...

As for me, sold at a huge loss right after that news and never looked back. Was the right decision it seems!

The Annonced a private placement on Friday. It's fully subscribed by investment banks and insider. Lots of interest here. PP closing should be announced near Wednesday!

Super price action today.. Wonder why? is it only a delayed reaction to the news, or something else?

Interesting volume today on the TSX. Over 400,000 shares traded.

Should be news shortly.
I like MDL alot.

Goodluck.

Premium Exploration Samples High Grade Gold and Encounters Friday Zone-Style Mineralisation at the Deadwood Zone

October 12, 2011


October 12, 2011, Vancouver, British Columbia: Premium Exploration Inc. (TSX-V:PEM, OTCQX:PMMEF) (”Premium” or the “Company”) is pleased to announce a drill program update and surface grab sample results from the recently acquired patented claims within the Deadwood Zone at the Idaho Gold Project.

Key Points:
•Surface grab samples have returned encouraging grades from two different mineralised systems. Premium’s primary focus is a lower grade, bulk-tonnage target; however a higher grade cross-cutting quartz vein system has been recognised, which represents an attractive secondary target.



Quartz Vein

Altered Country Rock

#972811 - 1.48 g/t Au



#972816 - 19.37 g/t Au

#972806 - 1.80 g/t Au

#972812 - 0.61 g/t Au



#972817 - 42.46 g/t Au

#972807 - 0.05 g/t Au

#972813 - 0.17 g/t Au



#972818 - 54.05 g/t Au

#972808 - 0.50 g/t Au

#972814 - 0.81 g/t Au



#972819 - 33.88 g/t Au

#972809 - 0.09 g/t Au

#972815 - 0.21 g/t Au




#972810 - 0.10 g/t Au

#972820 - 0.97 g/t Au

•Drilling on the patented claims within the northern part of the Deadwood Zone has encountered similar alteration assemblages and sulphide mineralisation to those seen in grab samples.
•Deadwood drill-holes exhibit similar geological, structural, alteration, and sulphide mineralisation characteristics of the Friday Zone located 12 km to the south, which hosts the current NI 43-101 compliant resource.
•Deadwood is one of several mineralised zones along the 30 km Orogrande Shear Zone (OSZ) regional system; all mineralised zones are linked by the 30 km geophysical anomaly with co-incident 16 km gold-in-soil trends.

“Encountering Friday Zone material 12 km away within the Deadwood Zone, along with excellent outcrop results, and gold-in-soils, further suggests the potential for multiple gold deposits along the regional trend,” stated Michael Ostenson, P.Geo., VP Exploration.

Grab samples (972816-972819) are taken from a quartz vein system along 50 meters of strike length and all returned +10 g/t Au results from the fire assay analyses. The balance of the grab samples are taken from sheared and altered country rock with up to 5% pyrite occurring as disseminated and in veinlets.

Widely spaced drill-holes are drilled along a 400 metre portion of the 12 km gold-in-soil anomaly that trends through the Deadwood and Buffalo Gulch Zones and correlates with the 30 km OSZ structure.

First pass drilling is designed to discover bulk tonnage style mineralisation associated with the OSZ structure. Alteration assemblages and sulphide mineralisation encountered in teh first three drill-holes on the Deadwood patented claims (SD2011-1, 2, & 3), are similar to those seen in the surface grab samples reported in this release.

Large structures have been defined in the first three drill-holes and will be used as a guide to outline the size and geometry of the potential mineralised system. The structures are similar to those controlling mineralisation at the Friday-Petsite resource 12 km to the south. The structures at Friday-Petsite have been successfully used as the primary guiding feature for resource expansion.

High-Grade Vein Prospects – Secondary Target

The northern part of the Deadwood Zone is interpreted to comprise two types of gold bearing systems; an east-west high-grade quartz vein system, and a north-south disseminated lower-grade bulk tonnage system. Premium’s primary focus is to define a bulk tonnage deposit.

The presence of the high-grade vein system has become a secondary drill target for Premium and the intersection of these two systems has the potential to host high-grade vein clusters within a large lower grade bulk tonnage deposit, thereby enhancing the overall grade.

There are at least 8 high-grade east-west vein systems along a 7 km segment of the +30 km OSZ within the Deadwood Zone with historically reported grades of over 1 oz/ton. A large portion of the Deadwood Zone is therefore potentially open to new discoveries.

Veins can be up to a few metres in width and laterally extensive. A number of these high-grade quartz veins have been historically mined. Historical mining exploited the shallow oxide portions of the veins, leaving the sulphide portion of the vein open to depth.







Patented Claims Drilling Map




For a location map of the grab sample results, please click: http://bit.ly/DW_PatentedClaimsDrilling_Map.

The Deadwood Zone has Several Correlating Features:
•12 km gold-in-soil trend with soil sample results over 1.0 g/t Au and a high of 4.0 g/t Au
•Surface outcrop sampling in excess of >10 g/t Au
•Alteration and sulphide mineralization in drilling consistent with Friday Zone 12 km to the south
•All mineralization and alteration coincides with the main regional structure (OSZ) that links all the known mineralised zones at the Idaho Gold Project, including the current NI 43-101 compliant Friday-Petsite resource of 343,000 indicated oz in 11.8 Mt @ 0.90 g/t Au and 879,000 inferred oz in 26.4 Mt @ 1.04 g/t Au (0.5 g/t Au cut-off) at the Friday Zone.

NI 43-101

Premium’s current NI 43-101 on the Friday-Petsite Zone along the Company’s Idaho Gold Project, was prepared for Premium by Mark I. Pfau, MSc. of Tellurian Exploration, Inc. Mr. Pfau is an Independent Qualified Person as defined under NI 43-101. The technical report has an effective date of March 28, 2011 and a revised date of September 30, 2011.

Quality Assurance

The Company has implemented a rigorous QA/QC program using best industry practices at the Friday-Petsite Property. The program includes chain of custody of samples, drill core sawn in half and shipped in sealed bags, blind duplicates, blank samples and certified standards are inserted in the sample stream. The samples are then boxed and couriered to Acme Analytical Laboratories of Vancouver, B.C. a lab certified for the provision of assays and geochemical analyses (ISO 9001:2008). Samples with gold values greater than 10 g/t are re-analyzed via the metallic screen procedure. Samples with visible gold are also analyzed using the metallic screen analysis, as are samples immediately preceding and following the sample with visible gold. ALS Chemex is the check laboratory for the program.

Qualified Person

The 2011 Phase-Four exploration program is being directed by Michael Ostenson, P.Geo., VP Exploration of Premium Exploration Inc. Mr. Ostenson is a Qualified Person as defined by NI 43-101. Mr. Ostenson prepared, and approves of the content in this release.

About Premium Exploration Inc.

Premium Exploration Inc. (TSX-V:PEM, OTCQX:PMMEF) is focused on gold exploration at its district-sized Idaho Gold Project along the Orogrande Shear Zone in North-Central Idaho, USA. The “OSZ” is a +30 km regionally-significant trending structure with multiple known zones of gold mineralization, similar to many large gold belts, like the Carlin Trend in Nevada. Armed with a proven exploration strategy, advancing gold resources, and 30 Km of drill-ready targets, Premium is well positioned to create shareholder value through exploration and the development of this emerging gold district. For additional information, please visit us at www.premiumexploration.com.

For More information Please Contact:



Mr. Del Steiner
President & Chief Executive Officer
Premium Exploration Inc.
P: (604) 682-0243
F: (604) 682-2499
E: dsteiner@premiumexploration.com
info@premiumexploration.com

Ms. Christine Kopr
Corporate Communications
Opes Capital Inc
P: (604) 682-0243
F: (604) 682-2499
E: ckopr@opescapitalinc.com
www.opescapitalinc.com


This press release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Security Exchange Act of 1934, and involves a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the TSX Venture Exchange and the British Columbia Securities Commission. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy

Unfortunately, we can't win them all.

I was extremely pissed when i sold my shares this morning, taking a huge haircut, but a few minutes later, i found myself to be happy... not having a losing stock in my portfolio anymore.

See you around,
Pitbul :)


As I said, if any of you are on Stockhouse, hit me up: Pitbul13

Sold my shares.

rcher Petroleum Fails to Find Producible Hydrocarbons in Its Matagorda Bay 127-1 Well
10:07 EST Wednesday, Oct 12, 2011

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2011) - Archer Petroleum Corp (TSX VENTURE:ARK)(OTCQX:APEUF)(DBFrankfurt:A6VA) ("Archer" or "the Company") reports that it has been advised by South Bay Resources (the Operator) that they will likely be plugging and abandoning the Matagorda Bay 127-1 well in Calhoun Country, Texas, USA.

Archer participated as to a 22% interest in the recompletion of the 127-1 well, targeting the Bol Mex sand in the Lower Frio, which showed multiple apparent pay zones in logs and core at a depth of approximately 8,700feet. Following perforation of the well bore and the installation of a gravel pack at the targeted zone depth, the formation began producing fluids under high pressure at a rate of approximately 500-600 bpd, though hydrocarbons were not present in the produced fluids. The lack of hydrocarbons will likely lead to the abandonment of the well.

Claude Perrier, CEO, states: "The completion of the Matagorda Bay 127-1 prospect was highly anticipated by Archer shareholders and its failure is disappointing. Management will spend the coming days performing a post mortem to determine the cause of this outcome as well as discussing strategic alternatives for Blocks 150 and 151 in the Matagorda Bay play."

About the Matagorda Bay Prospect

The Matagorda Bay recompletion project comprises approximately 1,600 acres and consists of Texas State Blocks 127, 150 and the North half of Block 151, and includes 3 existing well bores, an existing 7 mile pipeline to shore and an onshore oil/gas handling facility.

About Archer Petroleum:

Archer Petroleum Corp. is an independent oil and gas company focused on exploration and development in North America. Archer's assets include properties in the Western Canadian Sedimentary Basin of Alberta, the Permian Basin of West Texas, and the Bakken Shale of North Dakota. The Company's shares are listed on the TSX Venture Exchange under the symbol "ARK" and the OTCQX under the symbol "APEUF " and the DB Frankfurt exchange under "A6VA". Further information on Archer can be found on the company's website at www.archerpetroleum.com.

ON BEHALF OF ARCHER PETROLEUM CORP.

Colin Bowkett, President

Although Archer believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Archer can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), and commodity price, interest rate and exchange rate fluctuations. The forward-looking statements contained in this document are made as of the date hereof and Archer undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.


--------------------------------------------------------------------------------
FOR FURTHER INFORMATION PLEASE CONTACT:

Colin Bowkett
Archer Petroleum Corp.
President
(604) 683-7588
(604) 683-7589 (FAX)
info@archerpetroleum.com
www.archerpetroleum.com


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

I think FYI and ARK are joined at the hip.

Colin Bowkett (president) at ARK works for Canadian Nexus (http://www.canadiannexus.com/index.php)

Mike Leahy, the guy who does IR for FYI is also from Canadian Nexus.

Hard to connect the dots here, but something interesting is going on behind the scenes for sure..

Website still not updated with the latest news release.
It's been roughly 10 days since the rig has been on site.

Should hear something this week if everything went well.

Dave, you've been one of the luckt few here to get a response from Archer's President. Hopefully, if time permits, you can do a follow-up with him and get some of their pictures?

Happy Thanksgiving to all Canadians on the board here.

This week and the next are Make it or Break it for Archer.
GL to all of us :)

From our partner Galena Capital:

alena provides update on Matagorda Bay prospect

2011-10-06 12:02 ET - News Release


Mr. Michael Leahy reports

Galena Capital Corp. has provided the following operational update regarding its Matagorda Bay prospect. South Bay Resources LLC, has advised that the Parker 76B rig arrived under tow on location at the 127-1 well site at 10:30 p.m., Wednesday Sept. 28, 2011. recompletion activities have commenced; the perforation of the Bol Mex sand scheduled to occur in the next several days, immediately followed by a Frac Pack. Testing of the well will follow the completion of the Frac Pack procedure. As a result of operational changes including the addition of a Frac Pack procedure to the completion, the AFE for this operation has escalated to approximately $2.6-million (U.S.). The company is funding its share of this increase (approximately $258,000 (U.S.)) by way of a sale of an 8 per cent interest in the project; thereby reducing its working interest from 23 per cent to 15 per cent.

About the Matagorda Bay Prospect The Matagorda Bay recompletion project comprises approximately 1,600 acres and consists of Texas state blocks 127, 150 and the north half of block 151, and includes three existing well bores, an existing seven mile pipeline to shore and an onshore oil/gas handling facility. A key component of this acquisition is the existence of a fully drilled, cored, logged, cased and shut-in well bore (the 127-1 well) in Block 127. The 127-1 well has multiple pay zones indicated on logs and cores and is expected to be initially completed in the Bol Mex (8560 - 8710' depth) section of the Lower Frio. Internal analysis of the logs and cores of the Bol Mex zone indicate approximately 115 feet of expected oil pay. The reservoir is estimated to cover a minimum of 350 acres with potential up to 750 acres.

Thanks David. Fingers crossed!

September 30, 2011 08:00 ET

Archer Petroleum Provides Update on Matagorda Bay Recompletion Prospect


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2011) - Archer Petroleum Corp (TSX VENTURE:ARK)(DBFrankfurt:A6VA), (the "Company"), is pleased to provide the following update on its Matagorda Bay recompletion prospect.


South Bay Resources LLC, ("the Operator") has advised that the Parker 76B rig arrived under tow on location at the 127-1 well site at 22:30 PM hours, Wednesday September 28th, 2011.


Recompletion activities are expected to commence immediately with the perforation of the Bol Mex sand scheduled to occur in approximately five days, immediately followed by a Frac Pack. Testing of the well will follow the completion of the Frac Pack procedure.


As a result of operational changes including the addition of a Frac Pack procedure to the completion, the AFE for this operation has escalated to approximately $2.6m USD. These procedural changes were approved by the Company's board of directors in an effort to maximize production rates following a successful completion.


The Company is funding its share of this increase (~US$258,000) through a combination of cash from its treasury; a sale of a 1% interest in the project (thereby reducing its working interest from 23% to 22%); and the issuance of a 1.3125% gross overriding royalty in the project.


About the Matagorda Bay Prospect

The Matagorda Bay recompletion project comprises approximately 1,600 acres and consists of Texas State Blocks 127, 150 and the North half of Block 151, and includes 3 existing well bores, an existing 7 mile pipeline to shore and an onshore oil/gas handling facility.


A key component of this acquisition is the existence of a fully drilled, cored, logged, cased and shut-in well bore (the 127-1 well) in Block 127. The 127-1 well has multiple pay zones indicated on logs and cores and is expected to be initially completed in the Bol Mex (8560 - 8710' depth) section of the Lower Frio. Internal analysis of the logs and cores of the Bol Mex zone indicate approximately 115 feet of expected oil pay. The reservoir is estimated to cover a minimum of 350 acres with potential up to 750 acres.


About Archer Petroleum:



Archer Petroleum Corp. is an independent oil and gas company focused on exploration and development in North America. Archer's assets include properties in Matagorda Bay including Blocks 127, 150 and 151. The Company's shares are listed on the TSX Venture Exchange under the symbol "ARK" and the DB Frankfurt exchange under "A6VA". Further information on Archer can be found on the company's website at www.archerpetroleum.com.

ON BEHALF OF ARCHER PETROLEUM CORP.

Colin Bowkett, President

Although Archer believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Archer can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), and commodity price, interest rate and exchange rate fluctuations. The forward-looking statements contained in this document are made as of the date hereof and Archer undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


Contact Information
•
Archer Petroleum Corp.
Colin Bowkett
President
(604) 683 - 7588
(604) 683 - 7589 (FAX)
info@archerpetroleum.com
www.archerpetroleum.com

Good evening DDhawk, as per your request I posted it on the TSX Venture board.

I think forums are a great place to share investment ideas. We're all here to make money, and the APEUF board is a great place. Everyone is helpful! I don't ofen come to this website. I am more often on Stockhouse, so if any of you are member there, send me a frienship request!

Good job guys and girls! hopefully our patience with Archer Petroleum will pay off in spades.

Looking forward to reading what those of you with OIL Investment expertise have to say.

Have a nice weekend gang.
Pitbul

Archer Petroleum Provides Update on Matagorda Bay Recompletion Prospect


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2011) - Archer Petroleum Corp (TSX VENTURE:ARK)(DBFrankfurt:A6VA), (the "Company"), is pleased to provide the following update on its Matagorda Bay recompletion prospect.

South Bay Resources LLC, ("the Operator") has advised that the Parker 76B rig arrived under tow on location at the 127-1 well site at 22:30 PM hours, Wednesday September 28th, 2011.

Recompletion activities are expected to commence immediately with the perforation of the Bol Mex sand scheduled to occur in approximately five days, immediately followed by a Frac Pack. Testing of the well will follow the completion of the Frac Pack procedure.

As a result of operational changes including the addition of a Frac Pack procedure to the completion, the AFE for this operation has escalated to approximately $2.6m USD. These procedural changes were approved by the Company's board of directors in an effort to maximize production rates following a successful completion.

The Company is funding its share of this increase (~US$258,000) through a combination of cash from its treasury; a sale of a 1% interest in the project (thereby reducing its working interest from 23% to 22%); and the issuance of a 1.3125% gross overriding royalty in the project.

About the Matagorda Bay Prospect

The Matagorda Bay recompletion project comprises approximately 1,600 acres and consists of Texas State Blocks 127, 150 and the North half of Block 151, and includes 3 existing well bores, an existing 7 mile pipeline to shore and an onshore oil/gas handling facility.

A key component of this acquisition is the existence of a fully drilled, cored, logged, cased and shut-in well bore (the 127-1 well) in Block 127. The 127-1 well has multiple pay zones indicated on logs and cores and is expected to be initially completed in the Bol Mex (8560 - 8710' depth) section of the Lower Frio. Internal analysis of the logs and cores of the Bol Mex zone indicate approximately 115 feet of expected oil pay. The reservoir is estimated to cover a minimum of 350 acres with potential up to 750 acres.

About Archer Petroleum:

Archer Petroleum Corp. is an independent oil and gas company focused on exploration and development in North America. Archer's assets include properties in Matagorda Bay including Blocks 127, 150 and 151. The Company's shares are listed on the TSX Venture Exchange under the symbol "ARK" and the DB Frankfurt exchange under "A6VA". Further information on Archer can be found on the company's website at www.archerpetroleum.com.

ON BEHALF OF ARCHER PETROLEUM CORP.

Colin Bowkett, President

Although Archer believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Archer can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), and commodity price, interest rate and exchange rate fluctuations. The forward-looking statements contained in this document are made as of the date hereof and Archer undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.







Contact Information



Archer Petroleum Corp.
Colin Bowkett
President
(604) 683 - 7588
(604) 683 - 7589 (FAX)
info@archerpetroleum.com

:)

The brokers have shares around $.45 here, I think they'll want to make some money off this play sooner or later.

I was told by people close to the company, that they wanted to see it trading between .50 and 1$ after the recompletion. Will it happen? I have no idea, but it would sure be nice..

That person was right in telling me they were going to do a Private Placement and that insiders would take most of it... Will this thing pan out too? Hope so :)

Goodluck

True...
but if a stock is tanking, it's tanking for a reason...(unless its VERY illiquid..)

Eom, since I can't send private messages, I'll post here.

Read any investing book. They all say that averaging down is a pretty bad idea. In the book ''Market Wizards'' with many millionnaire and bilionnaire traders/fund managers, they all agree that averaging down is horrible. The best thing to do is to cut your losses.. and never fall in love with a stock. I bought my ARK stocks at .18, and I was stupid not to sell, I admit.

Theres nothing shameful in taking a loss. You can always buy back lower! :)

If averaging down works good for you, cool, but it's not something i would recommend to anyone.

I am not a registered investment advisor, so you must maye your own trading decisions and/or speak to a liscenced pro.

Averaging down is one of the worst things to do if you want to manage your risk..

Hahaha Indeed!

What's a Frac Pack? Info here: http://www.halliburton.com/public/pe/contents/Papers_and_Articles/web/A_through_P/FracPac-N%20article.pdf


In less than a month we'll know if ARK goes to 0.00 or to 1$

FINALLY!



Archer Petroleum Corp.

TSX VENTURE : ARK
FRANKFURT : A6VA

September 30, 2011 08:00 ET

Archer Petroleum Provides Update on Matagorda Bay Recompletion Prospect


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2011) - Archer Petroleum Corp (TSX VENTURE:ARK)(DBFrankfurt:A6VA), (the "Company"), is pleased to provide the following update on its Matagorda Bay recompletion prospect.

South Bay Resources LLC, ("the Operator") has advised that the Parker 76B rig arrived under tow on location at the 127-1 well site at 22:30 PM hours, Wednesday September 28th, 2011.

Recompletion activities are expected to commence immediately with the perforation of the Bol Mex sand scheduled to occur in approximately five days, immediately followed by a Frac Pack. Testing of the well will follow the completion of the Frac Pack procedure.

As a result of operational changes including the addition of a Frac Pack procedure to the completion, the AFE for this operation has escalated to approximately $2.6m USD. These procedural changes were approved by the Company's board of directors in an effort to maximize production rates following a successful completion.

The Company is funding its share of this increase (~US$258,000) through a combination of cash from its treasury; a sale of a 1% interest in the project (thereby reducing its working interest from 23% to 22%); and the issuance of a 1.3125% gross overriding royalty in the project.

About the Matagorda Bay Prospect

The Matagorda Bay recompletion project comprises approximately 1,600 acres and consists of Texas State Blocks 127, 150 and the North half of Block 151, and includes 3 existing well bores, an existing 7 mile pipeline to shore and an onshore oil/gas handling facility.

A key component of this acquisition is the existence of a fully drilled, cored, logged, cased and shut-in well bore (the 127-1 well) in Block 127. The 127-1 well has multiple pay zones indicated on logs and cores and is expected to be initially completed in the Bol Mex (8560 - 8710' depth) section of the Lower Frio. Internal analysis of the logs and cores of the Bol Mex zone indicate approximately 115 feet of expected oil pay. The reservoir is estimated to cover a minimum of 350 acres with potential up to 750 acres.

About Archer Petroleum:

Archer Petroleum Corp. is an independent oil and gas company focused on exploration and development in North America. Archer's assets include properties in Matagorda Bay including Blocks 127, 150 and 151. The Company's shares are listed on the TSX Venture Exchange under the symbol "ARK" and the DB Frankfurt exchange under "A6VA". Further information on Archer can be found on the company's website at www.archerpetroleum.com.

ON BEHALF OF ARCHER PETROLEUM CORP.

Colin Bowkett, President

Although Archer believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Archer can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), and commodity price, interest rate and exchange rate fluctuations. The forward-looking statements contained in this document are made as of the date hereof and Archer undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Yes, good to see that insiders are buying at these prices.
I believe you meant Sheldon Iwentash! :)

Geez, ARK will have to go up around 900% for me to get back to EVEN haha.. who would have thought.. Some guidance from the company sure would be nice.

Anyways, after ARK i have refined my strategy, and I will no longer hold on to losers.

Goodluck guys (and girls?)

Goose, would it be possible for you to call again?
I'm having no luck reaching them by a variety of other means, and unfortunately im in the East so phone bill would be huge!

Thanks :)

Can one of you call Archer at 604.683.7588, please?

I sent both Galena Capital and Archer an email last week with no reply from anyone..

wow.. horrible

No news for 3 months is extremely unprofessional on their part.
Not even a shareholder update...

THAT'S wht shareholders are bailing and we are sitting so low today!!!

No man, nothing.

I emailed the company and all i got is that things are progressing slowly and will have news out as soon as something material comes up..

yawn!!!

www.sedar.com