8 cents a share, page-4

hi equator

AOK were showing $2.5 million cash as of end of March, are you assuming 500k burn since then???

suppose the other thing to consider is if they do control a 640 acre block, what % they control, if say 51%, drill costs will total $1.275 million, but as you mentioned even with additional cash flow this could be starting to cut it a bit fine.

the Mississippian play is a fast growing low risk high reward play but at this point AOK seem to be stuck in
no mans land, really not enough cash to drill or acquire substantial additional acreage.

if acres they lease in a 640 acre block they dont control is spaced and pooled, will AOK sell their acres or cough up drilling cash??

lots of questions at this point, there is no question that the acres in the Mississippian play are worth every penny they paid, but can management gain maximum benefit from them?

seeing the cash position, where management aggressive enough when the capital was last raised?