AKK 0.00% 0.3¢ austin exploration limited

Ann: Strong Oil Flows Exceed Expectations in Texa, page-92

  1. 751 Posts.
    re: Ann: Strong Oil Flows Exceed Expectations... whisky,

    That's exactly my concern with the initial flow rate of AKK first well.

    If 95boepd is the initial flow rate, assuming a decline rate of 30-40% (which I think it's quite normal), it comes down to 57-66boepd.

    Not sure if this is economically viable for production.
    How much did this well cost AKK to drill?
    If the cost is around $2m, it would take them more than a year just to break even (taking into consideration the production costs and decline rate).
 
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