Don't concentrate on acid stimulation results. They are not going to happen for about a year. Wells don't usually decline for a long time,sometimes 4-5 years to warrant disconnection and acidisation
Just be happy with 150mcf per day
It is still worth about $1125 per day per well 18 wells times 1125 (AKK 75% interest) $20250
About 6.5m net revenue to the company without stimulation for these wells alone.
Remember we are drilling Cooper Basin next month. PEL 105 structure looks very promising.
Kenny still sucks
AKK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held