re: Ann: Kansas well intersects 350 feet of M...
Prophet, I agree with your arithmetic of 969 bopd now. With 8 other wells already drilled and at various stages of completion this could add another 500+ bopd in next 6 weeks (see page 5 of Presentation) lifting total to around 1,500. Then with 16 more wells in Oklahoma in remainder of 2013 at an average of say 65 bopd we could add another 1,000 bopd to this for a grand total of 2,500 bopd. OK, OK lets slow down a bit and say there may be some technical delays and bad weather so we tone it down by 500 to 2,000 bopd by end of this year thats not a bad cash flow to be sat on. I know it's not rocket science but do you go along with this logic? Any success with the wildcat wells in Kansas would simply be cream on top. Do you remember the Clarke#1 well on Cooper Lease, Sheridan County flowing 200 bopd until it was poorly handled by the then technical crew? That was in Kansas. Then we start 2014... best little oiler on ASX, I agree again !!
AOK Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held
