In my basic model I work out at 90 oil and 4 gas that AOK net after royalty, tax and an $8 lift cost around $43 so if they produced an average of 1000 boepd for the year that is about $15m before overheads. Pretty bloody god with a well inventory that they have and the consistency they are achieving.
That's why I love this company low capital intense program delivering very solid cash flows and irr of 60%.
All IMO and DYOR!!
