AKK 0.00% 0.3¢ austin exploration limited

Ann: Chairman & CEO AGM Address, page-4

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  1. 21,993 Posts.
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    With what HAS been reported, one would need to be rather irrationally cynical not to take a lot of positives out of those two addresses. Clearly, that comment is very much conditional upon reasonable flow rates of the other two wells which we should know in the not too distant future.
    IF they come in at the "average" daily rate of that district, then one can only look forward to the next 6 wells to be drilled in 2017.
    Can't see any reason why genuine investors can't sit back and enjoy the ride, albeit a rather boring one. That said, I can't see why any DT or punter would be getting too excited.
    Looks like a steady but not too spectacular build up that true investors enjoy.
    POO increase would have a very significant added value with prospective cost base.
 
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