AOK 0.00% 0.4¢ australian oil company limited.

Ann: Strong Gas Flow Testing Confirms Borba as a Producer, page-41

  1. 35 Posts.
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    Taken from the announcement once producing they expect to produce 3000 mcfpd Henry Hub price $4 per mcf

    Quick calculation 3000 x 4 x 0.667 - 20% Royalties x 365 days = U.S $2,336,000 a year. Not a ground breaking revenue but hopefully the information gained from this drill will really benefit the company going forward. I have to admit rather disappointed with the reaction to the share price on this announcement. I still think we are still feeling the backlash from Borba. It looks like we will only really see a steady increase in the share price once the revenue comes in.

 
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