AOK 0.00% 0.3¢ australian oil company limited.

Yet Cujo there quarter on quarter production goes up. People...

  1. 235 Posts.
    Yet Cujo there quarter on quarter production goes up. People have such short term minds and expects stock to just go up when nothing else is really going up.

    Well done on selling at 16c. Good work. Everyone talks loud when they have sold well. Funny we never here about those they havent done well in.

    There is no point singling out AOK as a stock not really going up, when nothing in its space is not going up.

    I keep on saying it, look at the wells in the ground, not the month to month day to day production. They have, as at last announcement, 17 wells producing (verticle wells only) and 6 to come on and drilling more.

    Of course they are on track, they are delivering to date on average 2 wells per month. They are not in control of the weather, do not talk negative on the uncontrolables.

    In the march qtr, the produced 42,411 boe in the june qtr to the end of may they have done 36,257 with a month to go.

    At end of march qtr they had 14 wells producing with 6 to come on, at announcement on 2 july when they anounced may production they had 16 wells producing with 6 to come on. So i am going to assume the June qtr exceeds the march quarter fairly well.
 
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