AKK 0.00% 0.3¢ austin exploration limited

40 mil to be spent on drilling mcap 26 mil, page-46

  1. 22,294 Posts.
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    S.L. I'm just going on the "coincidence" factor regarding those two wells. It would seem logical that the two wells that are in close proximity to Stifflemire would also belong to Austin as they own 5,000 acres in which Stifflemire was drilled. So, IMO, those next two wells that have been named are the two extra wells which are j/v'd with Halcon. I don't think that that is too long a bow to draw.
    I am making further enquiries but I certainly would prefer AKK making an official ann if we have already spudded the second well.

    We are none the wiser as to when that 45 days, so called, confidentiality period started, so, we really don't know how long the well has been flowing and how long we have to wait before we start getting paid for it.

    I noted on one of the American sites that our U.S. equivalent AUNXY on the OTC exchange is listed as an "alert" currently at .73.
 
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