AOK 0.00% 0.3¢ australian oil company limited.

re: News: Austex Oil continues successful oil... They say, the...

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    re: News: Austex Oil continues successful oil... They say, the bull climb a wall of worries. Last week 1 million shares was offered for sale at 15c, was taken up in about half an hour. Today, the decrease in manufacturing for local consumption to less than 50 in China is giving a bit of a fright, although manufacturing for export stayed the same. The focus in China is mainly export geared although China has a half hearted effort in trying to increase local demand.China see inflation as a bigger threat.They can turn things around very easily if they wish to.Once this fright is over, the focus is back to the quality of the company in specific and IMO AOK has a lot going for it.I have no doubt AOK will increase their 300 bpd to double that amount by year end or possibly more. This will certainly increase their valuation by then.I am speaking as an amateur on information I gathered from the company website and other materials and not taking individual situation into consideration.IMHO/DYOR
 
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