aok - a take over target at this price, page-35

Binbin is right about the slow progress (though most companies are similar so its normal progress really - just slow for us holders!).

Typically its 5 months from spud to reporting 30 day IP rates. About 2-3 weeks less if its a vertical well due to less drilling time.

A bit more if there is a learning curve going on - analysing the well logs before fracing, etc. Or in AOK's case going back into wells and fracing a different zone for some of their wells which gives the impression of perennial testing and no (low) production. Hopefully things will get faster as they learn more.

For a really slick operation, look at Range - 3 months from spud to IP rates on their Balder #1 well! Not to mention getting a 19 stage frac and record flows during that time frame!

Easter next year is my guess for really impressive flows (perhaps 1000+). Until then, is slow and steady. At least we are not taking 1 step forward and 2 step back.

~Dis

PS: Anyone think AOK will have a higher production than RFE this quarter? I hold both btw so not bias on this.