Ann: Production growth to continue at Snake River, page-12

re: Ann: Production growth to continue at Sna... Sharks,

The other issue is that AOK is getting a much better return on its investment.

$3.6M= 270 BOEPD on RFE Horizontals (75 BOEPD per $1M invested)

$0.6M = 65 BOEPD on AOK verticals (108 BOEPD per $1M invested)

AOK is effectively getting 50% better production on $ invested.

I'm surprised there isn't more drift to AOK from RFE holders. Its like they don't want to sell RFE because it is undervalued, even though they can buy AOK which is even more undervalued!