Well my self personally I think it will be good news,
o mean look at the facts prior to the litigation there was 17 wells operational with gas and 4 of them flowed oil naturally to the surface
now the only problem then was the flow rate which was supposedly to be acid stimulated by RET, which didn't happen to all wells due to fact they didn't have the expertice to do it.
So what's changed now - simple RET have been removed, a new manager has been put in place, akk have now 100% of the operation(give or take with the land owners share) and the shut in wells are being reopened thus gas and oil sales are back on track. Now a short term downside may be the flow rates may have decreased due to being shut in
(maybe gas/oil well gurus can answer that one if this can happen)
so possible stimulation is require to achieve or if not better the flow rates
one thing to remember they drilled what 18 wells and 17 are producers
I really don't think RET have taken the oil or gas with them
one thing I think is a positive is the need for extra oil storage on site
the sp rise towards where it was will depend on how the market reacts to what ever figures akk provide even good figures may not push it up more than .05 or .06c
we shall see
- Forums
- ASX - By Stock
- AKK
- thoughts
thoughts, page-2
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)