Yes, commodities taking a big hit lately. Do you mean the former Mesa? Mesa lost 400k in 2012.
Did the former Armada commence drilling operations in first quarter of 2013? I thought Armada's loss included the purchase of leases. I did see they did a private placement prior to the merger with MSEH. Is this what you see?
I worry about a collapse in oil prices globally...but no way to tell.