re: Ann: AOK reports 20th Vertical Well succe... 20th vertical drilled, but as far as I can tell only 9 of them contributed to the December Quarterly production. Then they had some weather delays in Dec/Jan and have completed another 3 for production. The delay appears fortuitous because they are getting better results after a bigger delay post fracking.
So I'm guessing somewhere around the mid 700BOEPD for March production. Also a reserve report. Together I think this is enough to break the 16c resistance. The wall of sellers at this level are playing a dangerous game if they expect to buy back in.
After that then probably a bit of a delay until we get to 1000 due to the delayed completion technique. However expectation of 1000BOEPD, credit facility, and Kansas drilling will be enough to consolidated above 16c.
IMHO
Ann: AOK reports 20th Vertical Well success at Sn, page-2
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