AOK 0.00% 0.3¢ australian oil company limited.

vertical v horizontal, page-9

  1. 66 Posts.
    It's a tiny speck of a company amongst thousands of others on the ASX. Too small for brokers to research, not enough volume for bigger traders to get involved, not volatile enough for day traders.

    On the other hand, it's the kind of company I like to find: Seems to be well managed, has clear targets and regular announcements, and to me the potential outweighs the risks.

    For a few years there AOK held one cap raising after another to fund their drilling program, which definitely took the wind out of any share price action. Now that they're generating income from the BOE, and are setting up their loan facility, cap raises should hopefully be a thing of the past.

    As for my opinion ... if AOK has 100 successful wells in 2-3 years time, will the share price be higher or lower? That's why I'm accumulating.
 
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