Their maths seems a bit off - 6 new wells should be 39 (28+11) in total. They state 36 (28+8).
Looks like most of the backlog will come online in May and produce fully in June. I'd expect the June Production report to be outstanding. Most new wells come on at 80-100 BOEPD so they may almost double their production. Since the new wells are at Area 3 and 4, Area 1 and 2 production will not have to get shut down to bring them online which is nice also.
June production will get reported in July. This will be about the same time as the RBL. I'm expecting the share price will climb in anticipation. The only negative being option holders / Con Note holders selling into strength.
Once 17c wall is removed it could move quite quickly. Topped up today. The Market is really dozing on this one.
AOK Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
