AOK
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0.00% 0.3¢ australian oil company limited.

Hedging

  1. risk101
    1,396 Posts.
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    04/10/14
    12:15
    Post #: 14075223
    With the oil price on the way down I just thought I would remind myself of AOK's hedging.
    http://www.austexoil.com/IRM/Company/ShowPage.aspx/PDFs/1656-10000000/AGMPresentationtoShareholders

    Despite the weaker oil price we will be set for some solid revenue to fund future wells and possibly further acquisitions.I don't know about the rest of you but I am seriously excited about the prospect of the gas pipes coming online. And the gas price is sitting about $4 MMbtu. Like I said before bring on winter
    .Maybe AOK will be able to expand without further capital raising. Such a bargain right now.
    AOK Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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