AKK 0.00% 0.3¢ austin exploration limited

Further to my previous post...let"s not forget what a decent...

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  1. 1,578 Posts.
    lightbulb Created with Sketch. 47
    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
 
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