AKK 0.00% 0.3¢ austin exploration limited

Surely "paid out" doesn't mean payed back. That would be an...

  1. 326 Posts.
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    Surely "paid out" doesn't mean payed back. That would be an extremely dumb deal. By "paid out" don't they just mean that when the drilling and completion costs are all "paid for" then AKK receives its 30% WI and 22% NRI?

    Can we please we some knowledgable comments on that?

    I don't beleive, that AKK will need to wait for Drillings cost to be paid back from revenues?? This does not make any sense to me I have never seen this kind of agreement before?

    I'm sure this is being interpreted incorrectly as reveune of S#1 should flow in next qtrly report of AKK.

 
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