Ann: Drilling Update on Kansas and Oklahoma proje, page-4

re: Ann: Drilling Update on Kansas and Oklaho... Well Suzette...Looking into my crystal ball I think the price is almost certain to rise gradually from now.

\Although Im into top up a bit at 12 to 12.5c if that happens..doubt it though.

Even the duster on the first exploratory well at Colby/ Kansas didnt cause any panic yesterday after the announcement. (released after Market close on Friday). Good job Management.!. The high probability of a failure on the very exploratory first well there had already been factored in as pointed out by one of our fellow hotcopperites. Although price is in a dip now..but holding nicely albeit from the effects of usual day traders and other goblins,I see strength there..with few sellers and low volumes. I suppose Im saying its looks fairly stable around the 13 to 13.5 region.

Back into the crystal ball..we will see:

Next 5 working days...Updated Daily Production levels as at the end of March. Brining in several wells that have added to production levels and qualified after 30 days of independent verification. Hmm I think 2 or 3 more..maybe we get up to about 800 to 900 boepd at that step.

Late Next week An announcement re Colby /Kansas well Steele 2..now drilling and reaching Total Depth in 7 days. ..management will give good clues like with Kansas 1 mentioning whether tests are needed or not to verify commercial production viability. Hope this one is better. Hmm..read Sandridge and Range...there is oil in them there parts if AOK are lucky!

Next week. Announcement re new drilling holes commenced or progressing. AOK are drilling all the time. Todays announcement was great..lots of easy fracced spots down that latest hole. ( I think) Its easy to expect an announcement about 1 per week on those programs..and virtually all of them at Snake - Oklahoma are positive news.

And on and on with positive announcements...13 producing wells will become 15 or 16..then 18 or 25. They say they "Target" +1000 boepd in 2nd half 2013. They cant say that unless theyre dam sure...Factor that into the SP.

I note some pre-occupation with some posters re the 1000 boepd..I personally dont think its a magic number that will cause a fast rise in the SP. Its just a nice number.

The reality is we will see a string of good announcements..increasing production, increasing revenues..hopefully increased acreage and listing on the TSX? ( Hmm Im Not expert enough to say that will be positive or negative) ( I think positive as they get more bucks to play with).

That string of probable positive regular announcements plus a few conseqent Fat Prophet and other recommendations or updates will take AOK upwards through several resistance points at 16c etc. to ?? I wont sell any holdings below 22c! Im here for the ride..but it may be a year to get there.

Hope nobody thinksd im ramping...just an old fox with his posterior admittedly well exposed on this one but so very confident.



Ah! Enough mind dump from Fox tonight. Hope any of the above was valuable to somebody...and love the reactions by those degfinitely much smarter than a fox.