No they just logged one of the 4 wells they drilled thats why it is going up. They hit a 60 meter pay zone before they even got to there target. It is a gamble though. Think it is to late to get in on the AOI stock would not buy it @ 10 but I am buying PCL.AX @ .16. Apache is the operator and putting up the money.
But one of there rigs drilled into bedrock and it is now in the process of moving over about 3 miles to try again. These areas should have as much oil as Saudi Arabia it is actually the same fields. Never have been able to drill there before because of the rebels. The goverments are now protecting the rigs and they are drilling.
May not be for everybody just I either own or have owned most of the stocks mentioned here so thought I would throw these out there for people to look at.
The stock that I already have a buy order in for in the morning is Herculues Offshore (HERO)
Last edited by mrex; 06-03-2012 at 02:26 PM.
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