Having sold out at 16c, at 11.5c is very appealing for a company that is making profit and has an opportunity to buy nearby land at a discounted price.AOK should stop drilling now and just maitain present wells and try to maintain its profitability. Having 80% at $88 hedged is a good thing.
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Having sold out at 16c, at 11.5c is very appealing for a company...
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