half year results, page-2

Excellent increase in cash flow but was expected.

Market needs something new to get excited about, like Yulleroo-2 finding better reservoir quality .. or Valhalla-1 flowing oil or a larger gas resource at Frankland.

Remember, first to move on a stock are generally traders, looking for exploration success .. these traders are fickle creatures hopping from one trade to the next looking for the most profit. You need to prove a continuing line of successful events to keep a trader in a stock ... ARQ still needs to prove up the Canning basin, once done, I cannot see any reason why ARQ shouldn't be heading back to $1.50, with all that acreage.

If there were call warrants, I might buy some as a leveraged entry.


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