AKK 0.00% 0.3¢ austin exploration limited

Maybe it's lunch time for a break and read through the...

  1. 161 Posts.
    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
 
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