This marks the turning point for AOK, the 'slow and steady'...

This marks the turning point for AOK, the 'slow and steady' approach is gone, and the get massive project has started.

$30M will go a long way for AOK. My guess is that we will be close to 2,000 BOE by December and that is enough to sustain us drilling 4 wells/m (burning $1M - $1.5M/month), so the $10M cash and $20M loan facility will be cream on the cake, and I'm guessing that 6 wells/m is conservative and we could probably aim for 8 wells/m.

hedging looks good, good acreage accumulations, Nick Stone getting more involved.

If we can get some good numbers in October (reported November) that should be the catalyst for a move above $0.30