Armada Oil Inc (fka AOILQ)

[biztech]

It will depend on new asset valuation based on oil prices. I dont think they are zero have to establish some value based on an avg price. Once the schedules are filed ill post info here. I think and have always thought there was value but it wasnt the debt to asset ratio that caused collapse they were good until 2016 with debt payments it was deterioration in business operations...income droppedncant pay people to be around and no deal materialized to keep going...the anandarko lease expiration neared what can u do? Ask the xourt appointed trustee to be honest and fair...i sincerely hope trustee works hard to extract maximum value