AYO unknown

directors buying continues, page-5

  1. 197 Posts.
    I guess the current market is in no mood to reward unproven companies. After the disappointing GAS sales as against what was expected, the market slumped. In addition to that except for some internal board shuffling not much has happened since Goc3.

    Of course that is all about to change, hence my bullish outlook on this stock.

    1) GAS sales are increasing rapidly, and once the newly announced customers come online (sometime in the next 6-8weeks), we will be talking serious cashflow.

    2) The TPAO controlled exploration well is due to spud anytime.

    3) They have cash to burn a hole in their pocket.

    4) 3D seismic on 50% owned targets is almost complete and will be analyzed with drill targets for about DEC.

    5) Whicher must be drilled soon..... i think with the extra cash available they may not need to farm out as much.

    6) Don't forget they did hit OIL in Beyaskoy-1, and will probably go back to try and drill updip.

    GT Lifo
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