re: Ann: Production growth to continue at Sna...
Quarterly shows they have already triggered the reserve update. -- Tick!
Clear Trajectory to 1000BOPD. --- Tick!
They have $12M in cash which is about 12 months worth based on current cash flows. As Cashflows increase this will quickly become self sustaining. Excellent chance that future expansion can be through a debt facility (rather than a pressured cap raise). -- Tick Tick Tick!!!
Sentiment: This is a HUGE buy!
PS For those interested, check out the cash flow situation compared to RFE. I posted along these lines yesterday on the RFE baord.
AOK Price at posting:
12.0¢ Sentiment: Buy Disclosure: Not Held
