$13m mcap now up to $200m+ mcap in a month

Let's put this into perspective... People say it will drop back over the next few weeks as we wait for a production test... Right now our market cap is around $13m. We have confirmed oil shows, we have confirmed that the wireline logging data is very positive and as such, management is wasting no time to proceed with a production test...

Our well is just to the south of the Chevron own and operating east coalinga oil field which has produced half a billion barrels of oil. Flow rates up to 4000 barrels a day has been achieved from this area...

Our well is predicted to contain 20 million barrels of oil but the intersected section of 180ft could contain more than initially thought...

Going on the best case scenario of 4000 barrels a day, of which 1333 barrels a day would be ours since we own around 33% of the project... 1333 x $90 (oil price)= $119,970 a day x 365 = over $43m revenue per year...

Even if we get $25m of this net profit x 8 (conservative pe ratio) we get a market cap of around $200m... 200/13= more than 15 times the current share price... 17cx 15= $2.61/ share... This is the best case scenario and as some people have pointed out we will profit even if the well produces 1/10th of the best outcome... Even the net profit from 1/10th of the best outcome would be higher than the current market cap!

This puts into perspective how cheap AOC is and the potential upside from now... Considering that A LOT OF THE EXPLORATION RISK HAS BEEN DERISKED since we know oil is there!