AKK
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0.00% 0.3¢ austin exploration limited

Be patient. Why? * The production will increase once the drilled...

  1. magic21
    161 Posts.
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    28/08/14
    14:15
    Post #: 13887988
    Be patient. Why?
    * The production will increase once the drilled wells going online. So far, we got 5 wells (Nemo, Kaiser, Redbud, Curington, C18)  going into prod soon.
    * we got recent pathfinder C11-12 resume their O&G, production improvement in kentuky and Mississippi.
    * There will be around 4-6 upcoming drilling (2 on pathfinder per recent announcement, previous pathfinder well  C 14-01, 1-2 wells by halcon, 1 wells from Petromax).

    I hope they will release cashflow positive news with total production number before debt funding. Also, it would be good if the company can release operation update news.

    I'm happy to hold and buy more on weakness.

    DYOR.
    AKK Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 13  Upvote
    lightbulb Created with Sketch.  Great analysis
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