WB, you are correct on the last Qtly cash position. I am wrong.
So, working backwards from last Qtly they reported $2.568m. They have told the market they will spend $1.8m in the next Qtr with $400k allocated to Missi. I think you and I both know they wont be drilling a horizontal with $400k given they cost $2.5m. In addition, they are way up North in the play in an area which has been peppered with vertical holes so I dont believe a horizintal is possible or allowed. Perhaps they buy a few more acres? I guess we wait and see if they get swept up in the play or miss out.
AOK Price at posting:
9.0¢ Sentiment: Sell Disclosure: Not Held
