AOK 0.00% 0.3¢ australian oil company limited.

to be blunt, page-6

  1. 2,924 Posts.
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    Sorry to ask a dumb question...as per the announcement...1P, 2P etc...I think its proven, probable reserves?...is that right?. Would appreciate the time of anyone clarifying for me. Lost money years ago on an aussi oil play in the USA - EXT was the code..happily now forgotten the name..!!. Being careful this time but I must say Im impressed with what my research has provided on AOK.

    I just retired and pulled my super into my own hands..fairly safe course with blue chip stock but i love these small caps as a move up of just 1c can bring significant benefit. Im in today at 15c with just 70,000 shares...was watching it since 13.5 level...should have got on then..will buy more as i see stability of price next `few days. Just my non expert opinion...if they can get more acreage and bring in more production this one can go up significantly in the not to distant future. Downside may be a few too many dusters but I cant see it crashing down to a level that is too scary given what oil is already flowing from drilling so far.

    Will be reading and enjoying all you expert posters every day.

    Everyone probably heard this but I love the saying..The stockmarket is a place where those with experience gain money and those with money gain experience.
    Fox

 
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