AKK 0.00% 0.3¢ austin exploration limited

Lol help me with my maths, page-40

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    Orion
    Why do you post on what you seem to remember about Green oil , why not spend 5 minutes to find out the facts. If you want to be lazy read Cmonaussies post
    In case you are interested in the facts
    The Green oil trades at a 9 dollars discount to WTI not a premium so at present you would be getting $39.
    Cmonaussie posted a very informative and analytical post where he clearly shows that one would need an oil price of at least 60 dolalls and for these wells to be in the 90% percentile in terms of ultimate recovery for AKK to be a viable company . His analysis is fantastic and worth a read if you are interested in the true FA potential , however IMO he ignores corporate expenses so in reality we would be looking at an oil price of 75 to make the numbers work , assuming AKK is drilling wells that out more than 23 drill to date , there will ended up in the best 2 !!!
 
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