Maybe it's lunch time for a break and read through the presentation.
My take:
* NPV $401.56 Million / NPV10 $91.61 Million
* Well #6 eagle ford (by Halcon) to commence in Sept (My guess: SCISSOR TAIL)
* Kaiser # 2H – 30 day Initial Production Rate = 20, 550 BOE (91% Oil)
* Nemo #1H – 30 day Initial Production Rate = 18, 390 BOE (91% Oil)
* Stifflemire #1H – 30 day Initial Production rate = 25,890 BOE (87% Oil)
* 3 wells in Colorado, 1 well producing, 2 wells in completion
* Well #4 Colorado (Pathfinder) – Spudded in August - low cost, quick return
* Kentuky production increase production to 35 BOPD from 0.7 BOPD in 2012
* Well #7 eagle ford (by Petromax) toward the end 2014 (quarter activities update)
* Possible another 2-3 wells by Halcon
* Theorically, cashflow positive (just 3 wells of Kaiser, Nemo, and Stifflemire, we have around 400-500 BOPD)
* $40M Debt funding
* Redbud & Curington well in completion , with immediate income
* Keep delivering positive progress, with more wells and increase O&G production
I'm buying more.
DYOR. GLTA
- Forums
- ASX - By Stock
- AKK
- Still shy to move higher
Still shy to move higher
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AKK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online