abbam,
Certainly market sentiment over the price of oil has impacted AOIFF's shareprice, but IMO spot oil prices are not the prime driver. The driver is success with the drill bit. Recently we've had three unsuccessful drills. Two of which were too clsoe to the faul line, the third was a dud.
AOI is an oil exploration company with two basin opener wells drilling now. Drilling success will drive the shareprice upward, IMO. Failure, well who knows if the shareprice can go much lower. Afterall we have already discovered net 2P oil at +/-300 million barrels - and those discoveries continue to grow and may very well double. Further, AOI has some 6 new basins to explore and many, many drill prospects to explore. Before you buy, be sure to closely read the January 2015 Corporate Presentation, just released. Also consider that the cost/dillution of raising $ to continue drilling looms ahead in 2015. Then decide on investing.
IMO at $2, AOIFF is a bargain hunters bargain. Disclosure: I averaged down somewhat with a purchase at $1.91 a couple weeks ago.
Just one person's opinion...I wish you good fortune.
dat
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