AKK 0.00% 0.3¢ austin exploration limited

responce to emails questions, page-17

  1. 5,079 Posts.
    f108

    No I have not heard we have lost the rig, there obviously has been a delay to the rig schedule, due to weather over there, we have all seen the news.

    This rig is still booked but timeframe has stretched a bit,
    however I have heard they are searching for another that could do the job a lot sooner.

    Armstrong should spud within 2 weeks.
    that is going to be a big plus, if successful then they have options for another 2 wells.

    But P10 is the big ticket item.
    the oil will not run away.

    Huge figures expected for PEL 105, if successful more wells planned.

    The operator at Armstrong has drilled 15 wells, only 1 has failed due to mechanical issues.
    So prospects are good here.

    Yes vol has increased and just have a good feeling here.

    Could hear more on PEL 105 soon I think.
 
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