Yes I am.
Have you researched the play?
This is from the company ann dated 10th Nov 2011.
Austin’s Eagle Ford Shale project is located in the oil/wet gas window of the play, which has proven to
be the most productive area of the play, with an interpreted thickness of ~300 feet. Austin acquired its
Eagle Ford Shale interests for an average of only ~$400 per acre, well below industry peers, following a
detailed due diligence including an independent technical report and analysis of 12 nearby wells, all
with production. The independent technical report prepared for Austin as part of its due diligence
suggested potential initial production rates of >800 bopd and NPV per well of up to $7 million, with
potential for 31 wells.
- Forums
- ASX - By Stock
- AKK
- "flow rates needed"
"flow rates needed", page-3
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)