Hi K, thanks for the inputI wasn't as bullish on this asset as...

Hi K, thanks for the input

I wasn't as bullish on this asset as our best asset, but I have spent today researching this asset/ area/ maps to get to know it better

The reason initially is AKK stated they only had 5 more drill locations, ie 6 all up...So I considered Niobrara (Pathfinder) to have biggest upside with 100+ wells.

Then I read BPTs presentation talking about downspacing from 160 acres to 40 so there might be upside to how many wells our acreage can hold.
PEL105 is slightly fragmented, but quite large at 5000 acres overall.

The well we are targeting (Pirie #1) is on trend between 2 producing wells NE and SW, and also has a gas pipleine running straight through the middle - obviously good first choice for commercialisation and gave me more confidence in our first well next year.

The second thing was studing ACN, and discovered their NET Cooper acreage holding at under 900 vs AKK at 2500. But ACN do have infrastructure.

Then final positive from AKK was the 1 million per well EUR they expect. (2m P50)

So I am slightly more bullish on this asset than previously.


BTW, how many juniors are left in the Cooper (as per article)

I got (apart from us)

1. ICN
2. RAW
3. STX

Good history of consolidation here, I got into Senex via STU takeover.

ADE and ACN gone...