AOK 0.00% 0.3¢ australian oil company limited.

dev area 9, page-2

  1. 2,924 Posts.
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    Good work again Dis.
    It looks like a good area if they take it up. They have been in the area long enough now to be pretty smart on any further acreage acquisitions like the one you have identified.
    Im optimistic we are going to see the funding announcement very soon...so many hints in their last announcement. On top of that on 19 september they stated that the 3rd production facility which bring 6 more good wells into production would be in coming weeks. Hard to interpret what date that would mean but my reading of the words says less than a month. So during october or part of it we will see 860 boe rise above the 1000 boe threshold easily. So, if not before, october onwards will be above 1000 boe meeting their target in calendar year 2013.

    It all looks good for aok. They are travelling very well on every front and long term holders will be rewarded.

    Still small volumes recently but the few sellers seem to hold on quite well while the buy side is showing a little bit more strength in recent days.
    Fox


 
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