Buying Mesa energy stock at 0.14 cents is like buying Aoil stock at .0.35 cents right now before the taker over of Mesa by Aoil.. Aoil stock hit 0.84 cents today. Mesa should complete their Horizonal well in GARFIELD County, Okla in the next week or so. it will come in at about 300 to 350 BOE per day.After the merger Aoil will be drilling their first well in the Niobrara shale in wyoming, they own interest in 34,000 thousand acres. some wells around their property have come in at IP production of 1,000 BOE per day. I own well over 300,000 Shares of Mesa Energy.afterthe merger I will own over 120,000 shs of Aoil, and after the reverse merger of Aoil I will own 60,000 shs of Aoil..this stock should go to $1.00 to $3.00 or more ths year. IMO
No one but management and employees know progress of drilling but good to be optimistic about shares you own.
AOIL trading is not realistic nor reliable enough to peg at the moment. When the merger results in shares of MSEH folding into AOIL, reality will sink in.
You can't look at the value of either at the time, it just pure guesswork. I suppose AOIL will trade up a little to build some cushion for when the merger is complete. Lots of short-term selling if AOIL is above .40 as their can be some in the money shares due to the conversion rate.
For now, look for the following things to take place as a catalyst, and not necessarily in this order: