AKK 0.00% 0.3¢ austin exploration limited

What does highly economic @$30+/Bbl mean?, page-32

  1. 1,528 Posts.
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    "Don't deny yourself the education" - admittedly that did make me laugh a bit.

    Look - drill testing should be complete in roughly 2 or so weeks based on the fact it takes about 4 weeks to drill and they have been doing it for a couple weeks now.

    Flow testing can take 3-4 weeks to complete.

    When drilling complete announcements occur we have tended to see some pretty good line wipes so I would think this is likely to happen again around 1 week from now (IMO).

    You gotta remember - AKK has a crap load of land and seismic guidance to assist. The first wells will produce good results (IMO) as they will utilise the best spots first. That will create a strong market sensitive announcement and a strong market response.

    The question is: if you are a long termer - will AKK produce continually strong well results? Once they dig their 4th 5th 6th etc.

    I may not be around by that time as I have said many times before. I will let someone else take that risk and potentially profit far more than myself.
 
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