Ann: Preliminary Update on Full Year Reserves Report, page-20

as a hype play aok could be ok in the shorter medium term... over the long term aok have nothing substantial to back higher market valuations...
the preliminary report says it all really...
cost of sales is high... production costs... admin is high and gets higher as companies grow... finance and 'other costs'... income tax...
sure aok have a high revenue but piece by piece the net of that figure after expenses diminishes...
ASX companies rarely turn profit in the region its just a fact...
This is not about the current oil price... This sort of story is all too common, the companies try to grow themselves out of the problem... expand expand... it doesn't work...
I wish you all the best... time for me to move on...