AKK 0.00% 0.3¢ austin exploration limited

Ann: Investor Presentation - Pathfinder - An Iconic Oil Opportuni-AKK.AX, page-14

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  1. 19,194 Posts.
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    LOL, Guy GOUDY is a nice fellow. Oilmen have to be positive by nature. I like the new word "Iconic" that's a new one. Slight level down from World Class.

    But again, you have failed to address costs.
    Over a long period, with 4 properties, AKK on a consistent basis got to around 110 boepd on reported quarterly revenues. Forget IP spikes as they don't last.

    From nearly 20 wells. (some with small WI) but 30/50/100% in many

    SO 250 boepd break even on a consistent basis = how many vertical wells?

    Here's a clue, if you are going to have an EUR around 56k per well. The midpoint is 5600 barrels pa, or 15 boepd.

    Payback around 1/2 year is only based on well cost...and the faster initial payback will be ploughed back into any wells, or you go backwards.

    AKK need on a sustained basis imo, $60+ WTI minimum.
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