Thanks Happy, It was a busy day yesterday and I didn't look to...

Thanks Happy,

It was a busy day yesterday and I didn't look to closely at the details of the report

So I provided an updated map with relevent details

The report is a little complicating, but from what I can ascertain, correct me if I'm wrong 'Happy', is that AOC don,t actually earn the 32% interest of the entire acreage until 2 wells are drilled.
Total cost to AOC would therefore be $800'000, valuing the acreage at $2.5 million.

Also I believe AOC gets all the revenue from the first well (HBT) less landowner royalties until the well is paid for, then it reverts to their 32% interest

At the end of the report they mention that they already have good quality 3D seismic for most of the acreage

Also stated was "These conventional oil targets are in two separate zones thus spreading the risk, are each of significant size, and if successful are likely to flow at very profitable rates.