Nice pick up, and lets hope the luck holds with the operator.
Were already cash flow positive, but the delays with ADE and Pel 105 are annoying, we have 12 months on the oppies still, and reckon we should be able to reach cooper basin before they expire.
Regards,
TCG
The operator on the project is the same Mississippi-based operator that Aus-Tex joint ventured with on the successful Armstrong oil project. Aus-Tex will participate in the Bombing Range project at a 34% working interest for a net revenue interest of 25.5%. As was the case for the Armstrong Well, the operator is the only other partner in the project and carries the remaining 66% working interest.
AKK Price at posting:
2.8¢ Sentiment: LT Buy Disclosure: Held
