If oil goes over $50 and we can lock it in , plus if we average around 140 bls IP on these 3 wells we should be on to a winner , however if the next 2 wells are like the first one which averaged only around 100 bls IP then I fear the business model will fail .
At only 100 bls a day IP the only intrinsic option for AKK is to drop its drill costs to halve its drill costs to around $250k a well.
To drop costs would it be possible to use the one drill collar and put several deviated pipes fanning out at the base of the one deviated well bore to keep costs down ?
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Held
