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30/09/10
09:48
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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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