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0.00% 0.3¢ australian oil company limited.

Konfi, LOE is less than $10 per bbl so current wells will keep...

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    14/10/14
    10:21
    Post #: 14120473
    Konfi,

    LOE is less than $10 per bbl so current wells will keep generating cash

    Last presentation showed the IRR at various oil prices. Even at $60 oil there is a good case to keep drilling.

    Its just a matter of how many wells they want to drill per month, and if cash flow does not fund it, will they get a loan / raise equity. But this a purely an option. They don't have their backs to the wall by any means.
    AOK Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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