AKK 0.00% 0.3¢ austin exploration limited

Also note that on other topics there was some questions relating...

  1. 3,996 Posts.
    lightbulb Created with Sketch. 876
    Also note that on other topics there was some questions relating to wether it was 50,000 or 5,000 bbls of drilling fluid. All I can say is the the company had the remainder of Friday to correct this statement and it hasn't so one has to assume that 50,000 bbls of fluid was actually used.
    From my research circa 229 bbls would be production from a vertical well only and not from a horizontal leg as well.note that akk have a 4000 foot horizontal leg and also note that they have drilled this leg into a pay zone of 300 feet not 80 feet as some others have in the Austin chalk.
    I personally feel a lot of people are going to be pleasantly surprised by the numbers when released in the next day or so
 
watchlist Created with Sketch. Add AKK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.