In view if today's announcement I thought it would be good to recap on some of the projects:
1) PEL105 - to be drilled early June. We all know what this can and will do for AKK. Drill time will be approximately 2-3 weeks.
2) Armstrong - 3 wells @ 9,000 BOPM. If we multiply this figure by a conservative POO figure, say $65 p/b it leaves a nice little dent in the piggy (50% to Aus-Tex (37.5%)) *Here's a link to a recent slide show added on the site: Slide Show I must say...I'm more confident with the professionalism shown in 2010.
3)Park City - 879,100 Mcf probable gas reserves and 298,180 barrels of proven oil reserves. Processing plant is fully operational and will reopen upon settlement. No need to do the math this is a lucrative asset.
These are the three things that I'm most excited about and in the order they appear. Please DYOR.
TW
AKK Price at posting:
4.9¢ Sentiment: None Disclosure: Held
