Would appreciate thoughts on this.At 25 producing wells...

Would appreciate thoughts on this.

At 25 producing wells (vertical wells only), declined to their steady state production of around 40 boepd, that would put AOK at producing 1,000 boepd. They are fully funded now to do this and are bringing on 2 wells per month.

The companies mkt cap is $50m.

Producing at this level would then, in my opinion, have a pretty decen uplift in their 1p and 2p reserves.

If you look through the short term to the above, the company is cheap i would have thought.

Then you need to think about what ever the horizontal with Range do.

Yes a hurricane the size of Africa might delay some things (completely out of anyones control) but this should be no reason to sell.