From another bull board:
AOI - Sophia Shane
Good afternoon!
I've been expecting more news on the operations by the end of February but I don't have anything more specific that that yet. The move to the big boards is expected by the end of Q1 - there is an exemption and approval process so the timing is not controlled by us - but our best guess is that it will be by the end of March for sure.
As to the share price, other than the usual hedge funds, short sellers and overall rather dismal stock market, I think the main contributor the current decline is the reports coming out from the analysts. Their target prices still remain very high (some as high as $18 per share) and 99% rate us as "buy", "outperform", etc., but they have inserted a note of caution into their reports - basically saying that people should not get carried away in their enthusiasm with short term news and even suggest a bit of profit taking wouldn't hurt. The analysts see our biggest growth more in the longer term. You see, there is no question that this is an amazing, world-class new oil basin we have discovered. It has created a lot of interest in the global oil industry. Pipelines are being planned. This new discovery will change the prosperity of an entire country. It's a very big deal. And it's this bigger picture we must remember - we're going to be drilling lots of wells in the next couple of years - some will be good and some will be bad - that's to be expected - whatever the news, it doesn't change the fact that the discovery of the Lokichar Basin is the biggest news in the oil industry in years and years.
