AKK
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0.00% 0.3¢ austin exploration limited

Ann: Drilling Underway at Austin's Forth Well, page-2

  1. Sharejon
    2,613 Posts.
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    22/01/14
    13:09
    Post #: 12839171
    re: Ann: Drilling Underway at Austin's Fo... The Bourke #4 well had an IP of 248 and has produced only 15,000 barrels of oil in 19 months?

    For a well that cheap, it's not the worst result, but after royalties and operating expenses, it must only be borderline economic.

    Don't get me wrong, it's not important in the scheme of things (it's all about the Eagleford for AKK), I'm just saying.
    AKK Price at posting: 1.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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