todays trade totalled $73.50, page-35

Cujo, where were you expecting AOK to be now operationaly?

Also, what fundamentals did you invest in AOK on 4/5 years ago?????

Vastly different company now than 5 years ago I would think....

If you dont like vertical wells, then why are you investing in AOK? that is what they are doing.

And talking about Range horizontal flowing 899boepd 30 day ip for a cost of about $3.4m, why??? You talk about it as though that is the average....it is not, there is a lot of vairablility out there in the horizontals, like their second one with AOK, peak of 205boe and 151boepd 30 day IP. Im not saying either or is better than the other. I would also say, look at the decline on that Balder well.

AOK have 17 wells producing that have averaged out at 63 boepd 30 day IP. Best well peak of 374 boe, 125boepd 30 day IP. Worst of the 17, peak of 62, 32boepd 30 day IP.

These wells cost ~$650k, as per AOK presentation.

I will also continue to say it, when a well is drilled and completed, they do not then get 365 days of straight production from that well, I will be shut down whilst there is fracking of other wells or other development going on.

Anyway tough market for anything energy or commodities.