Armada Oil Inc (fka AOILQ)

[germanium123]

Armada should never drill another H well in Garfield county Oklahoma until they have 1,000 BOE production in LA because it is not as good as some might think. They have since Feb 1 2012 to September of this year only completed 86 wells in Garfield county and one H well came in at 156 BOE per day and after 7 months was only producing 50 BOE per day. Some drillers had trouble with the hard rock and ruined the diamond drill bit. One well came in at 41 BOE per day. You go to Google and put in Oil & gas wells in Garfield County Oklahoma and read the forum the people talk about the wells drilled on their land and so on and it will educate you Yes some of the wells might be ok but their is risk involved in drilling wells some companies drilled a well and took off and the land owners never seen them again. I own a ton of stock in this company and I do not won't them to make any more bad mistakes so I say Randy stay in LA and drill until you have 1,000 BOE per day production. The price of Natural Gas went above $4.00 per 1,000 CF and that is good for us. I am hoping for the best for all of us.IMO