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
AKK Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held