valuation

The valuation of AOK done by hanuman private wealth back on the 11 aug 2009 values AOK at 20 cents per share on the basis that it produces 80 barrels of oil per day!!

I like the sound of that not only are they producing more then that a day from the existing wells but this new WILDCAT discovery in Oaklahoma is producing another 230 barrels per day from just one of the two wells there!!! So lets say between them they are producing 400 barrels per day plus the 80 (its alot more then that) so lets say for argument sake its 500 barrles of oil a day thats more then 5 time what they were producing when they valued the company at 20 cents per share so does that mean it should be alot lot more know?????

I think so!! DYOR

Bought in today!!