re: Ann: Strong Oil Flows Exceed Expectations... whisky,
That's exactly my concern with the initial flow rate of AKK first well.
If 95boepd is the initial flow rate, assuming a decline rate of 30-40% (which I think it's quite normal), it comes down to 57-66boepd.
Not sure if this is economically viable for production.
How much did this well cost AKK to drill?
If the cost is around $2m, it would take them more than a year just to break even (taking into consideration the production costs and decline rate).
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