$9.6mill cash with 21mill MC Fully Funded multi well Drilling commencing in just over a week 65-75% net revenue interest Potential for 32 development wells with potential of 179,000 ? 810,000 barrels of oil per well!! finally some big number potential in the drills :)
still have cash positive production from multiple wells from other projects and big potential PEL 105 project is still on the table for later on
and don't forget that Austin has a very high success rate of drilling commercial wells so those large oil/gas reserves have a great chance of seeing the revenue pipeline
no surprise there is interest pre spud in a real company making campaign
Turbo
AKK Price at posting:
3.6¢ Sentiment: None Disclosure: Held