Armada Oil Inc (fka AOILQ)

[germanium123]

The cost of a lease is not a loss unless you can't pay for the lease and give it back to the owners I believe Mesa started to drill in Oklahoma in January I have never seen Mesa end of year 2012 report on earnings and other matters so I am not aware of a 400K loss for the whole year 2012 for Mesa what I am afraid of is we are not getting any information from Randy Griffin. I am not to worried about Oil prices going down Saudi Arabia and the cartel will not let prices go below 80 to 85 dollars a barrel they have said that they will cut production 1 million barrels per day or more if necessary to hold their prices at around 80 to 85 dollars per barrel also when the price goes down people buy more gasoline and the price goes up since summer is coming on and people travel more. have heard nothing lately about LA production which is important to me because that's what Mesa and Armada is counting on.IMO