AKK 0.00% 0.3¢ austin exploration limited

some positive confirmation

  1. 1,304 Posts.
    Received some feedback from HQ over the weekend, re some questions I posed last week as to ongoing program.

    Nutshell as follows.

    Q-Will remaining HK and Pmax FO wells be drilled EXACTLY as per Stifflemire profile (same VD and Hz lengths etc)?

    A-YES

    Q-Is this geology consistent across the entire Birch Property?

    A-YES-Acreage on Hk's published new EFS 'sweetspot'

    Q-is Pierre on track for April spud

    A-YES

    Q-Mentioned the above in relation to 'apparent' delays (post-CR) re Pierre commencement

    A-GG suggested revisit Commet Ridge results at Pierre shale in Florence 2011-2012 (3 x wells 1000+bopd (assume IP), 5 x 500bopd, 22 out of 25 'successful')

    NOTE:
    Pierre at AKK acreage relatively untapped, whereas Florence is ageing field

    Q-Given GPA has had the green light, has P & E been installed at Pathfinder to facilitate immediate processing/production/trucking of oil?

    A-Not yet, commencing shortly

    Some likely assumed, but much-needed filler here, especially for those not necessarily across previous anns.
 
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