Armada Oil Inc (fka AOILQ)

[germanium123]

Armada Oil we know is now trying to recomplete two Oil wells in LA before end of year. I think the lenders won't to see how much oil they can get out of these two recompletions before going forward on a loan. If Armada gets 150 barrels out of these two wells that will be great news for us. that will give us 700 barrels per day total. Also natural Gas is now $ 4.15 per 1,000 CF and the prediction is for prices to rise to $.4.50 to 5.00 per 1,000 CF by next summer also several companies have applied for permit to export natural gas from USA to other countries but of course Obama trying to delay that like everything else he does. also remember we have 56 drill sites already laid out in LA and I believe all of our Land in LA is proven land to drill on. I had rather drill a new 12,000 foot well in LA for 1.5 million and bring in a well making 200 to 300 BOE per day and the natural gas which will be produced than to spend 3.5 million in Oklahoma on a H well in Oklahoma that might not pay out for a long time. I should have bought PLUG or BLDP a couple months ago now the price has tripled. Armada is a great buy right now at this price we may never get another chance to buy it again at this price Some guy is predicting $ 500 per barrel oil in the next 3 years.