"Bruutz - You are the only one who requires referencing mate as the entire AKK board was aware of the profitable at 30 dollar oil statement"
Once again you misrepresent data autosime - you just can't help yourself. Tim Hart said $30+
You can keep pretending the '+' never existed - but it did.
So stop trying to say Tim Hart said $30 - because you know as well as I do he didn't. You are only making yourself look silly to propose he was suggesting something that he just did not say.
And even if AKK can only produce oil for $30+ i.e $40 to $45 (because that is in fact $30+ that's still a damn good price and makes them a low cost producer!
Second - I think you need to understand why I keep saying Yaks - Because I simply do not care what the hell the damn animal is - when you look past your nose it will be immaterial when you look at the big AKK picture.
And Sector you did not prove anybody wrong - you live in la la land buddy. I asked you to reference yourself and someone had to do it for you. Making you reference does not prove you right - it is something you should learn to do. Additionally, once again attempted to misrepresent data by trying to suggest Tim Hart was dishonest by saying $30+ he was not. If AKK dig up oil for $45 that is $30+ ......so deal with it - Tim Hart has not contradicted himself - the only person who has misrepresented data has been you.
Finally - your immature comment: "CR denials for months (was told all cashed up for 2016 I don't know how many times"
When did I ever say that? Seriously - get out of la la land. - I have said many times AKK will require further CR's but I did not care that they did as long as they can become self sufficient once they have three wells at full pump. If they require CR's to get to that point or to create more wells than great! that's exactly what I want.
You keep garbaging on about CR's denials - no one is denying a CR will occur at some point but as long as the CR is required to get to full production at three wells or for further expansion then I do not care.
You need to look past your nose - I have said it many times - and I will say it again.
At the end of the day:
1) If OPEC announces something at their Algiers meeting that suggests a true concerted effort to lower the oil production glut all your 'carry on' will be finished with in one foul swoop. There is a possibility that upon the Algiers meeting if a meaningful attempt to cut the glut is announced by OPEC WTI oil prices could achieve a strong reversal. Considering AKK is looking to become a profitable micro producer (even if they have $40-$45 production cost) they could be extremely well positioned to take advantage of macro oil conditions. As a caveat I am not suggesting all of the OPEC oil glut issues will be solved at the Algiers meeting - OPEC members will need further meetings to truly solve the oil glut issue but Algiers is the first major meeting for a glut resolution is to be found.
Furthermore, if AKK can demonstrate strong flow rates and the ability to ramp up their well number your arguments will be practically sidelined.
What do you guys seriously believe will happen (be honest with yourself) if OPEC make a strong decision at Algiers (or soon afterward) combined with AKK achieving strong flow rates?
Do you think AKK's SP will go up above the 0.008c area or do you think it is going to go down straight afterwards?
AKK Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
