AOK 0.00% 0.3¢ australian oil company limited.

Ann: Quarterly Activities and Cashflow Report , page-13

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  1. 1,998 Posts.
    Dis,

    Thanks for the correction, silly mistake on my behalf (went straight to the table of reserve numbers without confirming the context).

    The company should be in a really good position to get a nicely sized credit facility.

    RFE definitely is in a shambles, it could only dream of being as sustainable as AOK is right now.

    SEA is due for some tremendous reserve upgrades over the next 6 months, so I wouldn't use it as a great comparison to be honest.

    AOK's chugging along impressively. They definitely haven't bitten off more than they can chew. The only box left to tick IMO is a few more Snake River leases, just to add a bit more organic potential value going forward.

    Thumbs up to management!
 
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