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193 Posts.

26

01/08/14

10:12

Post #: 13752565
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Originally posted by cmonaussie ↑

Hi Gassed,

I would think there is no reason otherwise than 1,091 boepd would be the average (you'd have to be unlucky to have all 3 under perform that and conversely be very lucky to have all 3 out perform that).

So to me it comes down to FOMO (Fear Of Missing Out). Those 3 FO wells will be the measurement yardstick (if AKK ever puts out some number of its own - me, I will continue to use TXRRC).

Logic dictates RedBud follows suit and now actual NRI sales of product can occur.

What I didn't see much discussion on from the Qtrly is the claim to be cash flow positive in (CY) Q4'14. Of course depends on what sort of cash flow we are talking about. But I believe that to be true based on my own projections (with only RedBud and restart of Pathfinder C-11-12-1H plus 1 more Hz).

That said I am sorely tempted to call it quits given their "reporting attitude".

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AKK Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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