I'm with you Dis, $0.29 seems a long time ago now... I think the...

I'm with you Dis, $0.29 seems a long time ago now...

I think the fact we don't have any debt has actually worked in our favour, in the short term. AOK could easily sustain drilling at 3-4 wells per month with current cash flow.

All depends on world oil now, AOK is still in prime position with great economics per well. I'm guessing AOK will bunker down till at least after the US winter and see where world oil heads over the next few months.

The big question is: do I increase my AOK holding at these levels? Will once again be a patient ride with AOK, but if they can come out the other end untouched and world oil hits $100 again, it could be a very profitable trade...time will tell.