AKK 0.00% 0.3¢ austin exploration limited

Ann: Austin executes Gas Sales MOU for Pathfinder, page-11

  1. 10,883 Posts.
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    For what ... ?

    This announcement underscores at least what I been saying ....

    Oil differential and transport costs eat up what surplus cash margin exists and that gas presents a problem.

    Kudos to AKK mgmt for coming up with some out of the box thinking. There you go - something positive

    "Stranded gas" - lack of sales channel - shut in wells... telling you exactly what I was saying regarding gas.
    And @gassed can tell you how "large" 1 Mmcfpd is.

    So they have a partner WHO WILL PUT UP THE CAPITAL for the gas turbine electric unit and the oil refining - and being at the well head removes the expensive transport costs (no pipeline remember).

    All thats left is to actually tell you what this does to their actual NET INCOME.

    I see a TH for placement and acquisition ...

    Merry Christmas (you too Brute).
 
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