AKK 0.00% 0.3¢ austin exploration limited

Ann: Intention for Non-Renounceable Issue , page-4

  1. 27,270 Posts.
    lightbulb Created with Sketch. 3206
    absolutely SB,

    I just gave them a hoy, and congrats on well thought out.

    And couldn't help asking to re-affirm my line of reasoning, insomuch as that this 7mill raising, should be sufficient during the course of the next 12m to get revenues streaming,

    a lot of the hurdles have been already jumped, legal issues, that have been resolved, rights over the 17 wells, and onwards to a lot more.

    Get the electricity to the pumps on these wells, and start counting the money.

    Bit more to it than that, but the organic growth here for the price, to me, the cost of well paybacks is small,months, and they produce for 20 years sort of thing.

    Sort of like a RFE, except its oil.

    The rally to 10c on the legal resolve gave us a clue to the potential, and this pull back has been the opportunity.

    No rec date yet, so might run a little, at the very least, a great floor to the sp.
 
watchlist Created with Sketch. Add AKK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.