"AKK will hold a 30% working interest in approx 5000 acres post completion of the farm out program"
Personally I am happy with 30% as its lots of acres so probably over 100 wells better to have 30% of that than 100% ownership in a few crappy wells like my last ASX oiler foray.
No reason can not do an NPV before drilling the wells but of course the results would not be that reliable without some historic flow rates. Guess could use very conservative figures and use Halcons first 7 Eagle field wells which averaged IP of 894 boepd (D Carmichael)
AKK Price at posting:
1.2¢ Sentiment: None Disclosure: Held