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0.3¢ austin exploration limited

Well next quarter wont be so strong as dec quarter, because we...

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Adriano1

2,647 Posts.

30/01/15

12:38

Post #: 14667067
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Originally posted by maxmojo ↑

Whatever you say, this is strong qtrly when compared with anything in the past that they had. They were trying to cut costs and hang on there until the POO gets better. If you take SP as 0.1 as the starting price after the conolidation it drop like 60% which is now 0.04. So if you check the mid-low oil producers in the market they all have collapsed like this between 50% to 60% and some more low. The main thing is the ability to hang on in these low POO environment, and AKK will do that I suppose. Everyone got out long time back and the SP has setteled. there is no point selling now

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Well next quarter wont be so strong as dec quarter, because we have nature field decline? No new wells coming on stream?

AKK Price at posting: 3.9¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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