Ho hum..what a boring start to the year for AOK..Have heard its abit frosty over in AOK land so things maybe abit quiet for a week or two. Anyhow, have been compairing AOK to SEA recently and even though its business model is abit different than AOK's, they both have around the same amount of shares on issue(AOK slightly less). You can see that they hovered around that 10 to 15 cents for ages while they were doing 300 to 400BOPD and then moved in the last 6 months as they started to double that..One would think if AOK can get over the 300BOPD hump and slowly increase, theres no reason it cant be where SEA is today..The thing with SEA though is there constant drilling reports that keep investors happy(even though they're not actually doing the drilling, but have small to medium percentage stakes in many drills) AOK need to get their current wells completed and producing and get drilling again. If a couple of those simpson wells hit the nail on the head, that could just do it..anyway thats my simple take on it...could be like comparing apples to banana's..
AOK Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held
