AXT 0.00% 1.4¢ argo exploration limited

Hopefully drilling in Toondulya starts soon. Looks like they...

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  1. 10,010 Posts.
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    Hopefully drilling in Toondulya starts soon.

    Looks like they have intersected some promising formations in the intercept hill drill. Guess will see with assays.

    The Pantheon invetment might bring a little attention to the stock in the near future:

    ? The JV’s Woodbine target is a gas condensate play. This makes it correlated to the oil price as the associated liquids usually trade at par or a premium to the crude oil price.
    ? The JV believes its acreage may have the potential to host a similar size field to the AA Wells Woodbine field.
    ? Importantly, activity appears imminent with the planned Kara Farm #1 well to test the Woodbine expected to spud in 2012, possibly as early as September or October 2012.
 
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