A.I.M. Users Bulletin Board

[Argyll]

Congratulations.

I have been buying from .033 to .19, always planning to sell my cost, then never getting around to it. I made my first additional buy today at .41, and will probably buy a little more tomorrow. A reserve report has been delayed -- the likelihood is the delay is because of better info than anticipated.

A discussion of buy and sell points made me realize we can get stuck on arbitrary points that sometimes mean nothing. I did not want to make any buys above .20 -- but right now it looks like it could just keep going.

Things that could hold it back-- it's a pinkie and actual production is not very high as it is all from old reworked wells. However, new shallow wells (1000 feet) are being drilled in the next few weeks, and more reworked wells come on line every few days/weeks. No guarantees with any of them -CFO says he's happy if reworked wells go six months -- although they could pump a few bbls of oil for decades.

I'm not an AIMster as I haven't had time to look at it closely yet, but I do practice my contrarian buying method with Mutual Funds as outlined on the Money 101 board.

Good luck to us.