Dis, from Richard's brief at the AGM, I don't think AOK is...

Dis, from Richard's brief at the AGM, I don't think AOK is looking at a funding agreement any time in 2014, I would say early 2015.

My guess is AOK probably has $5-$7M in the bank, and from Richard's brief at the AGM they are burning $1M-$1.5M a month (I'm guessing that depends on how many wells they drill/complete). My guess is after October they will be generating somewhere near that cash flow each month and probably only need a funding agreement if they were to accelerate drilling/buy more acreage.

I do agree, I would like to see a funding agreement and for AOK to drill 8-10 wells/month, instead of the 3-4 wells they are currently drilling. The gas pipeline should now be complete and be able to handle any increase in production, so the time should be right for AOK.

I wonder if they hesitant coming into the winter months to arrange a funding agreement, as drilling will most likely be interrupted...