Cmonaussie. Richard Zeits also quotes Hk saying :-
Can one read into that that the drop in oil price could present a double whammy to AKK in respect of Pathfinder's economics, and, could what HK are planning to do (if that goes on for an extended period) mean that there will be pressure on AKK to participate in more wells in Birch than they had budgeted for?
- The company plans to focus its effort on its two de-risked plays, the Bakken and El Halcón.
- These two core plays are expected to drive 15%-20% year-on-year production growth in 2015.
Would it not be wiser for AKK management to follow HK and just concentrate on drilling as many wells as they can afford in Birch until there is a sustained increase in the POO? Surely they wouldn't accept being drilled out by HK while continuing to work on Pathfinder?
This could be developing into a having their cake and eat it situation.
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