Armada is counting on increased production in LA fields before drilling another horizontal well. They are authorized for 100 million shares. I believe they were thinking about a reverse split to get the price up and then issue shares for cash if they had to maybe issue PFD shares. The cost of a recompleted well in LA is $ 100,000 thousand to $ 200,000 dollars very cheap and they are using cash from operations to do that. They have to drill the well in Wyoming by October 1st I believe to retain land from Anadarko petroleum. stock looks strong, 7,000 shares traded yesterday and only 5,400 so far today. I have a order in to buy at 0.3151 We will be ok if market does not tank or oil does not tank with war clouds in Middle east oil may take a big jump. I am also looking at PLUG and BLDP hydrogen fuel cells to run cars & buses. IMO
