Armada Oil Inc (fka AOILQ)

[germanium123]

Oil stocks are dropping like a lead balloon Armada lost 1 million dollars before end of Dec 31 2012 this was likely equipment bought for completion of this horizontal well which did not workout. I think they started this well after January 1 2013 for the first four months of 2013 Armada should make 4 million more or less profit from oil & gas sales in LA so far this year but now oil price has started downward horizontal drilling will stop in West Texas if the price of oil goes below 75 dollars a barrel according to the smart people and maybe a lot of other places but it will only be temporary.IMO