Increasing Production

AOW about to make some big increases in oil and gas production

From 38 bpd to 650 bpd $$$$

The Foothills Acquisition is a game changer for the company expected to close in the coming weeks

Last quarter production was

38 barrels per day
$2600 per day
$234,000 revenue

They settled on the Peak energy and magnolia assets in October bringing new production of 312 bpd to AOW

Increasing Current December Quarter forecast production to

350 bpd
$19250 per day
$1,732,500 revenue

Then the big one

Foothills acquisition ( expected end November settlement) increased production brings in further 300 bpd to AOW

Merged assets

650 bpd
$35,750 per day
$3,217,500 Quarterly revenue

At current @$55 per barrel oil

Cost of production is roughly $25 pb
so some decent margins $$

So around $19,000 EBITDA per day ...!

They are looking to increase production to 750 bpd after work over programs next year

Texas office setup
Our CEO to move to Texas

potential for further bolt on acquisitions

The option to Potentially pay dividends next year from free cash flows


AOW $13 million market cap
550 million SOI
Top 20 controls over 50%

Defender fund now has 20% of AOW a strong endorsement of where they think AOW is heading

GLTAH

Always DYOR