Agree with Trader8888. Share price is not going up because it was a disappointing announcement.
Announcement was nothing to get excited about.
What I want to see is 1)larger % increases in production to well and truly offset decline rates 2)Increase in acreage in and around our Snake River Project 3)Finalisation of debt facility to enable AOK to increase the number of drilling rigs to speed up production.
Don't see the share price going anywhere significantly until then.
Range Resources report their quarterly results on the 24 July. Will be watching that closely to get a feel for how good the Mississippian is really going.
AOK Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
