AOK is looking good indeed. What I'm really looking for, is to see if the company has leased more Snake River acreage, like they suggested late last year when completing the CR.
Who knows how much hydrocarbon or water production (which can kill economics) the North Kansas acreage will produce. There are alot of unknown variables with that region at the moment, so it's hard to value in that regard.
The Snake River project on the other hand has incredibly good economics, and every 1,000 acres adds up to 50 new vertical well locations in the Mississippian formation alone. Range mentioned that they've produced from SEVEN horizons in their Kay County region over the years, so the upside is very large in that area. The vertical wells are experiencing fantastic results and I'm more than happy to juse be patient and let AOK grow organically for the months ahead.
In the oil & gas game, a small & highly economic acreage position is uncomparably better than a larger, low economic acreage position, so I'm keen to hear news on that front. (I'm not at all suggesting Kansas has poor economics, I'm simply saying it's entirely unknown at this point).
I agree with the points Trader has mentioned. Really solid fundamentals with it's current funding position and development of a proven core project, with alot of explorational upside.
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.833M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $49 | 16.35K |
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No. | Vol. | Price($) |
---|---|---|
9 | 20333665 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 11137932 | 7 |
Last trade - 11.51am 18/11/2024 (20 minute delay) ? |
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