Armada Oil Inc (fka AOILQ)

[germanium123]

I am becoming more bullish on Armada after the last PR glad to see they are going all out to up production in LA I believe they will up their production 50 percent instead of the 20 percent Randy said they are shooting for remember Randy said the last recompletion was producing up to 200 barrels oil per day so if they have only one well coming in at 200 barrels per day and the other 6 which will be producing more they should be producing 1,000 barrels per day is very possible in that case the stock should be selling at $1.00 per share I advise every one not to sell Armada at a loss and not to sell at all unless you have to until your profit is made. Sometimes I sell some shares with the notion of buying back at 2 to 4 cents cheaper I own 110,000 thousand shares at Ameritrade and 80 thousand at another company it probably cost the company half a million dollars more or less for the merger and another 1 to 5 million for the 26,000 thousand acres in Wyoming either to be paid more on or pay the lease off I do not know the contract or contents thereof just guessing Armada will be drilling a horizontal well in Wyoming in august where some wells around their property have come in at 900 barrels per day and they will be drilling another horizontal well in the ML in Oklahoma soon welcome to the new man on the board and advise him after the merger there are 54 million shares total in Armada The above statement is IMO