I am becoming a fan of this little stock...here is some commentary from their April Monthly Operations Update - Snake River Project
production and operations update for April for its Snake River Project
PRODUCTION UPDATE During April AusT ex’s total production was 34,002 BOE from 31 operated and 4 non operated producing wells at Snake River with the balance from the Company’s other non-core projects. This equates to average daily production of 1,133 BOE /D, a 100 BOE/D increase on March (refer Table 1)
April there are 31 producing wells and another 10 wells in pre-production and testing phase.
What are the forecasts from Morningstar in comparison to the above?
Based upon the above well status i would hazard a guess and say from Sept or Dec 1/4 there could be around 2,000+ BOE per day.
AOK Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
