AKK has just issued a geologist's report on their prospect in Burleson County, way up in the north east of the oil window.
This is not a plug.
It contains a lot of interesting information on the trend and shows how the NPV calculations are constructed.
Our wells seem to be far superior in terms of payback period. I have yet to study the NPV calculations in detail, but all of the scenarios appear to break even in year 2.
Our wells appear to be breaking even in 6 - 9 months. The AUT quarterly to 30 June will have more data.
Further - they give a table of EURs split between Austin Chalk, EFS and Buda. I don't think that we've counted either the chalk or the Buda.
There's a lot of reading to do.
http://www.asx.com.au/asxpdf/20110707/pdf/41zn8hyzgcr96y.pdf
In terms of location:
We are in Karnes: then, moving along the trend - Gonzales, Fayette, Lee/Washington, Burleson. So, they are a long way from our sweet spot.
Yet another endorsement of the value of our acreage.
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Last
81.5¢ |
Change
0.025(3.16%) |
Mkt cap ! $468.1M |
Open | High | Low | Value | Volume |
79.0¢ | 82.0¢ | 79.0¢ | $9.285M | 11.82M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5797 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
81.5¢ | 34536 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5797 | 0.790 |
1 | 791 | 0.785 |
3 | 16776 | 0.780 |
1 | 10000 | 0.770 |
1 | 1960 | 0.765 |
Price($) | Vol. | No. |
---|---|---|
0.815 | 34536 | 2 |
0.820 | 28935 | 3 |
0.825 | 76688 | 4 |
0.830 | 44539 | 2 |
0.835 | 2000 | 1 |
Last trade - 16.10pm 25/04/2025 (20 minute delay) ? |
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