AOK 14.3% 0.3¢ australian oil company limited.

Good update provided, very happy with the future direction :)...

  1. 5,408 Posts.
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    Good update provided, very happy with the future direction

    Key takeaways for me are;

    - are diversifying to assets domestically, focussing on natural gas but not overlooking oil either
    - are broadening the portfolio to more domestic upstream opportunities
    - are looking at the bigger opportunities, both in oil and gas
    - are also looking at sub salt helium
    - there is a deficiency in gas supply in WA, is energy hungry
    - double digit gas prices in WA with no new supply
    - have been looking at 3/4 projects, combination of onshore and offshore mostly in WA. Low entry point acquisitions.
    - are well down the path with one of the projects, fair way down the path with another
    - are looking at projects with large scale something that the punters like, 10m barrels +, 50 to 100 bcf +
    - are also looking at the bigger opportunities in the Sacramento Basin to get the market excited with the bigger upside
    - market cap is only $4m
    - price could be back to 1c to 2c on initial newsflow

    Exciting times ahead !!

    DYOR

 
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