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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80.0¢ |
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Mkt cap ! $455.9M |
Open | High | Low | Value | Volume |
83.0¢ | 85.5¢ | 80.0¢ | $2.846M | 3.479M |
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No. | Vol. | Price($) |
---|---|---|
11 | 33949 | 80.0¢ |
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Price($) | Vol. | No. |
---|---|---|
80.5¢ | 55073 | 16 |
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No. | Vol. | Price($) |
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10 | 35051 | 0.800 |
4 | 16581 | 0.795 |
10 | 55897 | 0.790 |
8 | 90372 | 0.785 |
9 | 249288 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.805 | 53787 | 16 |
0.810 | 18312 | 8 |
0.815 | 41294 | 8 |
0.820 | 15681 | 5 |
0.825 | 15535 | 4 |
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AUK
AUMAKE LIMITED.
CEO Hai Yun Chen, Non-Executive Chairman Anthony Noble
CEO Hai Yun Chen
Non-Executive Chairman Anthony Noble
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