thanks wb. when i saw the figures - initially confused me as I thought EOK was gas..the announcement of Aug 11 'East OK South Plant Upgrade Completed' - talks of the plant being upgraded to cater for gas. 'The Wagoner A Station is now capable of transporting up to 40MMcf/day. Under the current configuration, it is capable of processing 5MMcf/day, with the capacity to upgrade to meet future requirements.'
So now I'm thoroughly confused. Oil has never been mentioned previously. 20 well were being drilled in the current round of drilling here. If there's oil @20bopd across this area that about $1m per month revenue. Even if that is the maximum rate - good dosh.
Either a misprint (?) or there a whole lot (good) going on that hasn't been announced.
Interesting indeed...
RFE Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held