Ann: Reserve & Resource Review Commences, page-27

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03/12/16

12:30

Post #: 21080405
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Originally posted by Autosime ↑

Gassed ,so I guess your are opening our posts now and reading them lol . You only didn't open the ones asking you whether you hold and pointing out your lack credibility lol

Since you can't see the connection in the conversation let me spell it out for you.
Bcc - reserve and resource report
Management full of spin
Operationally poor business
Outcome - VA

aKK
Reserve and resource report infinitely weaker than AKK
Management full of spin
Operationally poor business
Outcome - infinite dilutions and wealth destruction

Let's look at what I mean by spin
Gas flaring - strong has flows - what does that really mean - no oil - no revenue - hello CR
Truck collecting oil - 24 ip rate of 98 which means probably about 70 now . 26 days if production or 1820 . Even at a 20 dollar margin that would equal a cool 37k in net revenue - Doesn't even cover 30% of corporate costs for the month

You guys continually lap the rubbish
First commercial oil sale - who cares they losing money
Strong cash flow - who cares losing money
Reserve and resource report commissione - who cares - losing money

Pretty much all business , even the ones heading for oblivion make some sales - the issue is 9 months later from the initial drilling and 5 m down the drain - they are producing about 70 barrels of oil per day and losing cash per month as they have done for the last few years

Expand

CEO says "profitable" at $30
It's world class!! Iconic even

So let's see how much $ hit the revenue line in next Q
They must be raking it in with WTI at $50.

AKK Price at posting: 0.6¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

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