Ann: Production growth to continue at Snake River, page-4

re: Ann: Production growth to continue at Sna... This i a great result, it outlines all the wells that are yet to come on, both vertical well results are very good.

Obviously the horizontal wasnt great, we only have ~6% NRI in this one. This was also in a new position. This will happen as they are more complicated to drill.

What I also think that this highlights is the underlying value of AOK's vertical program $600k per well with great commercial value and success rate. This company is in the right place on the cost curve (down the bottom of drilling cost curve), and great IRR's. I think what every one needs to look at here is we are now at an average over 500boepd and increasing with the strategy in place, the all important 1p(proved producing should be increasing all the time with new wells), and we are only a $60m mkt cap.

There are other good ones out there but not at the cheap market cap of this one.

All In My Opinion only and Do Your Own Reasearch