Further to my previous post...let"s not forget what a decent
discovery here in terms of a "new oil province "might mean
to the value of AKK acreage ...AKK has had oil only preliminary
reserve advice of around 20mill barrels...lets say at in ground
value of $12/barrel..say around $250 mill..or say 20c/share(current issue)
if confirmed etc..Say as back up to such assumption we look at recent
Permian Basin transactions in West Texas which have shown around
$15,000/acre sale...until recent purchase by SM Energy for
acreage at around "gob smacking"..$40,000/acre...
Permian Basin well renowned for difficult geology for
oil and expensive Co2 injection/water flooding production enhancement
is common place....
What say you to new AKK discovery in terms of none of this additional
cost being required due to natural oil flow "fractures"...
Say $20,000/acre....same sp result, around 20c, on confirmation of reserves etc..
So what is it with the current ...0.007 c share price..???
and better still the options!!!
DYOR...of course..I think I have done mine..
Cheers
AKK Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held