Q2 may have some news in regards financial arrangements to fund a drilling program & maybe a part farm out of a project to minimize risk & expendature.
I think the stock has run pretty hard in the past few months with the news getting out there that these guys have
- quality assets on large holdings
- cheaply purchased assets (bought when the oil market hand tanked)
- a very good team running the company (old AUT team)
- drilling program schedule in the wings .... still maybe 6 -12 months away.
- oil price has lifted.
Maybe 50c a share ... natural up lift on oil price rise will help .. but my guess is as good as yours
ATS Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
