re: Ann: Conditional Funding to Accelerate 20...
$10M is enough for 12-20 verticals depending on how much infrastructure they already have (eg SWD, pipes, etc) and whether they are drilling new wells / deepening.
They have enough production now to pay admin so all new production should be able to pay for new wells. With a 6-12 month pay out, there is every chance they can move to a constant drilling program.
Even their 6000 acres should provide sufficient work for the next several years. Either Kansas acres provide many more. I really hopw they focus on some consistent development. Would really hate to see s shopping spree on more acres until cash flow is established.
AOK Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
