AOK australian oil company limited.
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Free ride? I doubt it. We probably have to pay our share (8-13%...

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    3,746 Posts.
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    12/09/12
    15:33
    Post #: 10708462
    Free ride? I doubt it. We probably have to pay our share (8-13% per well) of the well cost $3.6million.

    However the Balder-1 had a 30Day IP of 800+ compared to 90osh for AOK verticals. So our share of production is similar for approx 60% of the cost.

    Probably more valuable is the education.

    Also booked reserves will get a good kick along at minimal cost. I assume since the land is shared on our lease, then positive results can be assigned to us for SEC reserve calculations.
    AOK Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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