AOK holders should look at this. SEA is merging with TXN and taking on their Eagle Ford Shale assets. Other TXN assets are being spun out as a new company. The EFS assets are being valued at approx $100M and holders of BOTH companies see this as underalued (ie SEA is getting the better of the deal). So lets compare the TXN-EFS with AOK.
* Bear in mind this is AOK in its entirity, so not all of it is ML. However I would argue by the time we get to 700BOPD, just the ML component will beat TXN's EFS on every single metric.
My estimate of reaching 700BOPD production is within 6 months.
AOK Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
