AKK 0.00% 0.3¢ austin exploration limited

going to boom...be fast, page-11

  1. 21,284 Posts.
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    This crowd can leak. On 7 March 2013, turnover went to 53 million and took shares to its peak for the last 12 months of 2.9 nearly doubling, and that was a full WEEK before they called a T.H. for what turned out to be at the time an understated result that disappointed the market.

    Ann on 14 March 2013.
    Austin Exploration Limited (“Austin” or “the Company”) (ASX: AKK) is pleased to advise that its first Eagle Ford
    well, Krueger #1, has exceeded pre-drill expectations, producing 95 BOE from a 24 hour initial production test.
    The vertical well was tested only from the Eagle Ford horizon, following a hydraulic frac (slick water, proppant)
    treatment, and flowed 75 barrels of oil and 150 million cubic feet of gas over the 24 hour production test period
    through a 19/64” choke at a pressure of 400 psi.

    On 31 May 2013, when they announced the farmout, turnover went to 105 million and S.P. went from .014 to an intra day high of .020., but, with no apparent "leak"!!

    That's the sort of thing that happens with AKK, imagine if they come out with a 400boed plus from Halcon? So, be wary.
 
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