Armada Oil Inc (fka AOILQ)

[germanium123]

In looking at Armada web page I have noticed their report saying that a horizontal well in Wyoming cost 4.5 million dollars and there is 3 productive zones in the Niobrara shale. the way the company talks they might drill a original ordinary well straight down and tap the best producing zone that would cost around 2 million dollars but it might produce 2 to 3 hundred barrels per day and that would be ok. I am just guessing on the production part. some other companies might be doing that to get started. this would be ok with me. they might just do that. I feel that the company has been discussing the next step and that's why it has been quiet lately. Randy said they would announce something soon. the price of oil is straying strong. I think a PR will come before the 1st of August.IMO