Armada Oil Inc (fka AOILQ)

[germanium123]

Armada Oil has a long struggle to stay in business. I have seen a lot of small oil companies go under because they have plenty of land to drill on but no money to drill. Mesa should not have done a merger with Armada all Randy Griffin did was to bail out Armada with Mesa money. They told us how everything would be better if they did a merger it has not happened. I told you Armada Had to produce 800 to 900 Barrels of Oil from LA field daily before they should do anything and that does not mean natural gas. I thought the company had better management but apparently they have bad management I have thrown in the towel on this company. Armada should have had double the cash in the bank before they drilled the Oklahoma well I am talking about the cost of the Oklahoma well. I know it was the drilling rig that failed. They spent a lot of money on the merger. We do not know that the next well will come in or be a dry hole. in the last 36 days they could have recompleted 3 more wells in LA costing very little but they did not have the money to do that. I will be selling all my stock around 0.32 and try to break even. I am going to invest in a company that has big thorium reserves A thorium reactor to produce electricity instead of a Nuclear reactor only 1/10 of the cost of nuclear reactor much safer this is coming.