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0.3¢ australian oil company limited.

Ann: AusTex Reports Significant Increase in Reserves, page-14

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madjae

284 Posts.

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21/08/14

14:09

Post #: 13851931
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Originally posted by Dis ↑

A good and timely announcement.

1) Reserves report is likely the prelude to the RBL. SEA's RBL is 70% of the NPV of their PDP Reserves. So expecting approx $29 Million for AOK

2) Excellent increase in NPV10 over a 6 month period given the cash expended
- $120+ Million rise for 1P reserves in snake river on the back of only 13 wells ($8.5Million spend on 13 wells)
- 1P NPV10 for snake river ($338 Million) is now significantly more than RFE's Big River Project ($248 Million)
- with a big war chest, share holders should be rewarded with even more value creation

3) Attractive to partners.
- I would imagine leaseholders would be keen to team up with a profitable company after so many failures in the ML. Should make leasing much easier. They are clearly pitching to holders with that video presentation at the AGM

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Any thoughts about intrinsic value based on this latest information? I must admit I'm a bit of a n00b when it comes to oil companies.

AOK Price at posting: 26.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $2.833M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$21.46K	7.155M

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No.	Vol.	Price($)
10	20533665	0.2¢

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Price($)	Vol.	No.
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AOK (ASX) Chart

Ann: AusTex Reports Significant Increase in Reserves, page-14

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