AKK 0.00% 0.3¢ austin exploration limited

Post Consolidation, page-142

  1. 125 Posts.
    Based on 15 minutes of reading past announcements and reports i have found the following. It is not a ramp but listing some facts that are easily found.
    It is worth noting that after 8 months Stifflemire is producing over 5000 barrels a month.
    The Halcon JV wells yet to provide income are
    Stifflemire 30% WI ..22.5% NRI
    Kaiser 30% WI ..22.5% NRI
    Nemo 30% WI ..22.5% NRI

    The Halcon JV wells providing income NOW are (i have guesstimated NRI doing a pro rata on above numbers) and i could easily be wrong here
    Redbud 20.15% WI .. (13.3%)NRI
    Currington 6.19% WI ..(4.13%)NRI
    Seaducer 3.59% WI ..(2.4% but not quite producing yet)NRI

    AKK wells currently producing are
    Yolanda @ 27% NRI (Could not find current production)
    Mississippi and Kentucky. ( Last report had 80 and 48 BOD. I believe these are 50/50 partnership with an investment crowd but from memory has a very high NRI (i saw the number in a report a long time ago)
    Colorado.
    Pathfinder was producing 5 bod while in trickle mode prior to the Gas collection infrastructure. Unable to get current production but i would be surprized if it were not now many multiples of that.
    We then have 2 Pierre wells waiting to stimulate and production test.
    Also remember the reported production is only OIL. we still have gas sales.
    Overall a Dollar in the bank is STILL a Dollar in the bank. On a sidenote, I give kudos to Management who did the right thing in NOT taking up the approved, high interest debt facility under the current climate.
    Good luck guys
 
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