AOK 0.00% 0.3¢ australian oil company limited.

new annpuncement 16 wells now producing, page-3

  1. 235 Posts.
    Trader, dont look at the one off numbers. Look at the numbers of wells producing and that they have completed new infrastructure in the new prod hub, this is a lot more important than a month of production affected by weather.

    You do also know that when in production mode they will rarely get 30 days of full production from their wells as they need to shut them down when they are fracking new wells and the like.

    Oklahoma has had terrible weather for the last three months really, that is just part and parcel of doing bus there.

    You all need to start looking at quarterly prod, they are going to smash the previous quarter!

    Reserves:
    (approx rounded down)
    1p 7.5m boe
    2p 12m boe
    3p 19m boe

    For a market cap of $54m, and a substantial increasing their holdings to 8.57%.


 
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