"Buyers are effectively taking an option on tomorrow?s horizontal-completion technology in a large oil-in-place target."
With PUDs to exploit above the Mississippi Lime, AOK can afford to produce these and wait for the industry to establish best practices. A couple of wells to test the quality of the rock is probably all they need (want) to do at this stage rather than a full scale Lime campaign.
AOK Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held