re: Ann: Strong Oil Flows Exceed Expectations...
Malmoe, how can you expect it to produce more than 100 BOPD when they've said in the Investor Presentation they expect the EUR of the well to be 264 000 barrels.
That equals roughly Matt's estimate of 80 BOPD average for it's life.
100 BOPD is a stretch.
300 - 500 BOPD simply will not happen.
And even if it were $35m profit, you have pay about half of that in production costs (to my knowledge, correct me someone if I'm wrong) and then pay tax. Which brings it closer to $10m. But then it's more like $7m profit due to the 80 BOPD, not 100 or more.
AKK Price at posting:
3.4¢ Sentiment: LT Buy Disclosure: Held
