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germanium123

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germanium123

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Wednesday, 09/25/2013 10:06:53 AM

Wednesday, September 25, 2013 10:06:53 AM

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Armada oil will have a PR out before Oct 9th I believe. in looking over the 2nd quarter report I find the survey of their land in Wyoming cost 1.3 million dollars and that has all been paid according to the 2nd quarter report. Winter is coming on and I am sure they would like to start on this well in Wyoming before it gets to cold. I was surprised to find how cheap it is to recomplete a well in LA from 10,000 dollars to 30,000 dollars. I believe the last 3 months of waiting will pay off for us. we must remember that leasing a drilling rig for drilling a well sometimes they have to wait a while before a drilling rig is available. IMO
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