AKK 0.00% 0.3¢ austin exploration limited

calculations

  1. 842 Posts.
    well from my calculations

    ?First well (Armstrong #1) is completed and was put on production in May 2010
    ?Daily production is currently at 62 barrels of oil

    so total day on flow 120days at 62bopd =$520k giving akk $195k

    ?The well began flowing oil naturally on July 31, 2010
    ?The IP oil flow rate during testing was 243 BOPd

    so total production days 60 at 243 =$1.02mill gives akk $280k
    All based on $70 per barrel of oil before costs

    on those two well AKK revenue for the year should be roughly $2.1mll

    Any thoughts whiule we wait for some sort of update
 
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