AKK has just issued a geologist's report on their prospect in Burleson County, way up in the north east of the oil window.
This is not a plug.
It contains a lot of interesting information on the trend and shows how the NPV calculations are constructed.
Our wells seem to be far superior in terms of payback period. I have yet to study the NPV calculations in detail, but all of the scenarios appear to break even in year 2.
Our wells appear to be breaking even in 6 - 9 months. The AUT quarterly to 30 June will have more data.
Further - they give a table of EURs split between Austin Chalk, EFS and Buda. I don't think that we've counted either the chalk or the Buda.
There's a lot of reading to do.
http://www.asx.com.au/asxpdf/20110707/pdf/41zn8hyzgcr96y.pdf
In terms of location:
We are in Karnes: then, moving along the trend - Gonzales, Fayette, Lee/Washington, Burleson. So, they are a long way from our sweet spot.
Yet another endorsement of the value of our acreage.
- Forums
- ASX - By Stock
- FFM
- marathon may have increased the value of....
marathon may have increased the value of...., page-44
-
- 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)
Featured News
Add FFM (ASX) to my watchlist
(20min delay)
|
|||||
Last
94.0¢ |
Change
0.060(6.82%) |
Mkt cap ! $451.8M |
Open | High | Low | Value | Volume |
90.0¢ | 94.5¢ | 90.0¢ | $1.530M | 1.668M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 26754 | 93.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
94.0¢ | 825 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 202 | 0.935 |
1 | 9729 | 0.920 |
1 | 9729 | 0.915 |
4 | 29128 | 0.910 |
2 | 17076 | 0.905 |
Price($) | Vol. | No. |
---|---|---|
0.940 | 825 | 1 |
0.945 | 33520 | 2 |
0.950 | 9729 | 1 |
0.955 | 19729 | 2 |
0.960 | 15423 | 3 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
FFM (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online