AKK austin exploration limited
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Ann: Significant amounts of Oil & Gas evident in Magellan 1 well-AKK.AX, page-33

  1. thunder54
    5,578 Posts.
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    01/11/16
    14:33
    Post #: 20284043
    In colorado wells are brought online from maybe 200 barrels onward, so getting up around 600 barrels a day is a good well, at current prices that would pay for itself within a year.

    Think the property has potential for 400 wells, if they all pay themselves back within a year and are pumping after that for minimal cost, the numbers get crazy real quick.
    AKK Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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