only thing that may potentially save this company, is success at the bit.. - OPT
Unfortunately as AAPH has a $2 million per year operating LOSS and only $148 in the bank, there is no hope of ever drilling a new well.
AAPH had a well planned for $800,000 on an existing lease that I hoped might turn things around, but now AAPH has no money, and just to raise a fraction of that AAPH issued 13.8 MILLION new shares.
That $122,500 went straight into the operating loss, so no penny left to drill.
So how will AAPH raise money to drill even one new well? Looks impossible through any careful reading of the AAPH 10-Q.
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