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biztech

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biztech

Re: diy_investor post# 627

Wednesday, 11/12/2014 4:31:27 PM

Wednesday, November 12, 2014 4:31:27 PM

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Yes, the plan is to acquire the property they mentioned in last press release. If the price of oil is below the price they mentioned Armada can walk away and keep the 100k.

I think with declining prices it really does help buy cheap assets and drill for less when prices drop but they need the money. The cost to borrow the money may increase though.

I'm anxious to see what is on the table after Nov 14.
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