Ann: Significant amounts of Oil & Gas evident in Magellan 1 well-AKK.AX, page-38

Yeah pretty much takes $500k a well though and some will dust, plus $3k a month per well in operating costs, but when you add it all up it's still crazy profitable.

3 wells this year, if this one well does 600 barrels a day even if the other 2 dust it's a more than profitable operation, another 10 wells next year, it's only going to grow in scale, this is the bottom floor.

I got my 88e options at .003, I just got some akkoa at .003 second time lucky hopefully, lets just pray it flows, anything over 200 barrels and we are in business I feel.