all set, page-13

As much as I'd love for AOK to race up, I'd be very cautious about calling Kansas acres part of their ML play. Alot of proving up to be done first.

That said, if they could deepen some of their current wells and strike ML..........WOW!

Given that AOK is valued at approx the worth of their ML acres, I think the smartest way forward would be to farm out the acres to a big company who will rapidly develop them. Eg Range resources commits to $27M of development within 12 months for a 50% farm in.

That basically gives them an excellent cashflow and a free carry on their other acres.