New Albany Shale spudded per year 20 20 20 20 Fort Payne well spudded per year 20 20 20 20 Total wells spudded per year 40 40 40 40
Working Interest 75.000%
Royalties Landowner - Royalties 12.500%
Override Partner A - Override 5.000% Partner B - Override 4.375% Partner C - Override 0.000% Carried Interest 0.000% Net Interest 56.250%
Turnkey Drilling Cost per Well 150,000 112,500 112,500 112,500 112,500
Valuation Shares CashFlows 179,091,117 Ords 56.9 Discount Rate 10% Other 77.9 Present Value of CashFlows 121,055,748 New Shares 50.0 Number of AKK Shares (millions) 184.8 Total 184.8
Present Value per AKK Share 0.66 Equity Raised 20,000,000 AKK Share Price pre-announcement 0.43 New Shares issued at: 0.40 Total AKK Share Price 1.09
Production per well staggered (mmcf) 200 240 260 278 96 73 53 34 17 Number of New Albany Share wells p.a. 25 Total Production (mmcf) 25,019 4,000 4,804 5,196 5,568 1,920 1,451 1,059 687 334
Production per well staggered (mmcf) 234 415 564 691 567 472 323 195 85 Number of Fort Payne wells p.a. 25 Total Production (mmcf) 70,909 4,680 8,296 11,275 13,827 11,345 9,431 6,453 3,900 1,702 Austin Total Production (mmcf) 95,928 8,680 13,100 16,471 19,395 13,266 10,882 7,511 4,587 2,036
DAILY RATE New Albany Shale Total Production (mcfd) 68,545 10,959 13,162 14,236 15,255 5,261 3,975 2,901 1,881 916
Fort Payne Total Production (mcfd) 194,271 12,822 22,730 30,889 37,883 31,083 25,838 17,679 10,685 4,663 Austin Total Production (mcfd) 262,816 23,781 35,891 45,125 53,138 36,345 29,813 20,579 12,566 5,578