AKK
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0.00% 0.3¢ austin exploration limited

Ann: Significant amounts of Oil & Gas evident in Magellan 1 well-AKK.AX, page-60

  1. Jackpot
    9,102 Posts.
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    01/11/16
    20:39
    Post #: 20292938
    Imo long as the wells produce handsomely who cares abount CR.

    Iam amazed they got these 3 wells done under $1.5m and if they produce 1000bpd between 3 wells .

    CR raise wouldn't be under .02 if all 3 wells are flowing above 500bpd.

    I really like the way management have schedule the drilling first and then flow testing all 3 in one go.
    AKK Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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