WR, like the announcement too.My previous post re 2014...

WR, like the announcement too.

My previous post re 2014 expectations was way off the mark, now with abit more clarity.

It seems the "lack of infrastructure in the north" simply refers to Area 4 in Snake River. If they are quoting 6 months for infrastructure, then we won't see much actual gains in production until 2H 2014.

The $2.4 spent in Q4 2013 has not resulted in increased acres. I suspect it was just renewing existing leases?

So the drill program looks to be progressing as most (including me hoped):
- accelerated drillig: 4-5 per month with 2 rigs (previosuly 2 per month with 1 rig)
- progressive lease expansion aiming at 80+ new acres per well drilled

By my calculations this should result in about 60+ wells (30 new wells) by end of the September quarter. Infrastructure should be online by then also. It usually takes another 2-3 months to bring them online. At a conservative 35 BOEPD average, I'd hope to see AOK producing over 2000BOEPD as their 2014 exit rate.

If leasing goes to plan, they should add another 2-4000 acres to their already 6000 acres. Interestingly Territory Resources just closed their sale tender (acres on AOK's southern border). Also RFE is "reviewing their 2014 forward program". I still have hopes RFE and AOK can find a win win deal re: RFE Dev Area 9

Again nothing spectacular, but solid progress with few negative surprises IMHO.