AOK
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0.00% 0.3¢ australian oil company limited.

re: Ann: Production growth to continue at Sna... dont really...

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  1. WhiteRhino
    387 Posts.
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    23/01/13
    11:39
    Post #: 11323928
    re: Ann: Production growth to continue at Sna... dont really follow RFE but just had a qucik look at their ASX announcement dated 11/01/2013.

    RFE has 8 horizontal wells producing about 1,400 boe/d (my rough calculation) & a mrkt cap of $281M

    AOK has 9 producing wells, mainly verticals for about 700 boe/d & a mrkt cap of $56M

    Our return on the vertical well program speaks for itself. and with only a mrkt cap of $56M i think AOK has a lot of catching up to do.

    correct me if i'm wrong...


    AOK Price at posting: 13.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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