not sure about the JV if you look at austins last few investments they have all been quite NRI % bombing range 37.5%, carrizo 27.1% and Mississippi 37.5% now with EFS it has a 70.125%NRI this is giving them much more control and return- i personally think AKK are trying to move away from partners and sharing the spoils and just dealing with landowners.
This acquisition mention "pending the release of announcement concerning a major acquisition and placement" could be mention to the finalizing of the eagle ford shale purchase as it says "concerning a major acquisition" and the large amount of funds expected to be raised are probably needed from there 1/4ly they have 4 wells in sebree to be completed this year, 3 wells planned for birch, i presume more testing in bombing range and not to mention the commencement projects large discovery to get up and running with expected costs of $500k and also wells to be finalized in parkcity
- Forums
- ASX - By Stock
- AKK
- suspension from official quotation
suspension from official quotation, page-14
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AKK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online