wti price + announcement, page-5

Dis - couldn't agree more with your last few posts more.

AOK are probably producing about 850-900 for Oct/Nov with 5 wells to come into production in December for Hub. They will probably finish the year at the higher level of your range of 1,000-1,200 BOEPD for December and being cost neutral. A great achievement if you ask me.

The convertible note holders know they are onto a good thing and would not let go. At 0.15 cents they are stupid not to hold the notes, hope AOK is trading closer to 0.20, and then dump the stock for an easy win (same goes for the option holders). I would do they same thing.

Management has done the right thing by its shareholders in the circumstances and they can't be faulted. The RBL agreement will come, all be it 9 months late, which is very annoying. but such is life.

The addition of Nick Stone to the board is very welcomed! I wouldn't be surprised if he sets up AOK over the next 12-18 mths for a take over. Very interesting times ahead with him on the board.

My feeling that the selling has come from Kwang Hung & Iroquois Capital. I'd like to see a top 20 shareholder report.

It has been a slow road for AOK (and sometimes frustrating), they have continued to tick the boxes. I would really like to see the following from here:
- 2nd rig by EOY
- 3rd Rig by April
- 1,500-1,700 BOEPD by end of June
- RBL announced in July

We have the cash, there should be no talk of capital raising. We could probably drill to end of 2014 and cash wouldn't be an issue.

Happy to hold till end of Jan and reassess.