AKK austin exploration limited

big volume!, page-5

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    Some evaluation data
    Note: some of these evaluation are based on the Bakken so please if you will a grain of salt. It's good to be looking forward though.

    - http://www.strikeenergy.com.au/our-assets/production.html
    "The acreage values of Eagle Ford Shale have increased significantly with the entry of international majors such as BHP Billiton, Marathon and CNOOC. A number of large acquisitions have completed at USD 15,000 – 25,000 / acre valuations. Strike’s strategy is to prove-up the technical and commercial potential of our Eagle Ford Shale and to achieve a similar re-rating of our acreage position."

    If you have existing high performing wells it goes up ...considerably....
    - http://www.auroraoag.com.au/IRM/Company/ShowPage.aspx/PDFs/2484-88558816/AuroraMakesEagleFordShaleAcquisition

    'Aurora Oil & Gas Limited (ASX:AUT, TSX:AEF) ("Aurora") is pleased to announce that it has agreed to acquire a 100% operated working interest in approximately 2,700 net acres in South Texas for a consideration of US$117.5 million. The assets include average December 2012 production of approximately 1,620 boe/d net of royalties from 11 wells and associated interests in field infrastructure and related assets. The production comprises 84% liquids (70% oil), and represents a 12% increase to Aurora’s 2012 exit production.'

    'According to theIHS Herold Eagle Ford Regional Play Assessment, typical well performance as well as peak-month production of the Eagle Ford’s best wells exceeds wells drilled in the Bakken Shale, often considered the tight oil standard. The favorable outlook for the Eagle Ford is reflected in a highly competitive merger and acquisition (M&A) environment, with implied deal values averaging $14,000 per acre for Eagle Ford acreage in 2011 and top prices approaching $25,000 per acre.'

    If I was AKK I would take $16k+ per acre. My 2c. Luck all.
 
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