How on earth do you get a $490m Market Cap off a declining commodity at full value of in ground estimates?
Do you understand shale decline rates?
At $50WTI - Rocky discount - transport - taxes and royalties, you'd be pushing up hill to just keep up with capex/admin for declines.
You cannot calculate a market cap off the full potential of a field over 15-20 years.
You're excited by something that doesn't exist on this planet.
Cap is under $8m for a reason.
Ann: Trading Halt-AKK.AX, page-60
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