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paddywack

940 Posts.

61

15/07/14

11:46

Post #: 13660885
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Originally posted by magic21 ↑

It will not move until better production/revenue figure is up. Atm, we only have 85 BOPD and 35 BOPD = 115 BOPD. From past quarter, we got between 300-400K income vs. admin cost between 500-600K.

Most broker and managed fund will start looking into AKK once we are cash flow positive, and room for future growth.They don't like to buy based on the prospect, they want fact, which AKK did not have yet. Just imagine, if you are managed fund, and bought AKK last year, you will be in big trouble.

We are in tipping point. Once PATHFINDER #C 11-12 1HZ in production, plus gas sales, it will add 100-200 BOPD. It will follow by C-18#1 well around 100-200 BOPD. Also Redbud, around 250-300BOPD (assuming IP around 1000BOPD). The potential is between 535 - 785 BOPD. (Note: the production number is guesstimate)

Happy to accumulate more on the release of good news.

DYOR. GLTA.

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Hi Magic,

sounds like 500 is imminent. Like your confidence.

pw

AKK Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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