AKK 0.00% 0.3¢ austin exploration limited

Ann: Trading Halt-AKK.AX, page-41

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  1. 3,756 Posts.
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    Based on previous results in the surrounding areas I wouldn't expect 300bbls, as per the companies own presentation you can see that 85bbl is the mid case with 200 the high case, hopefully they are wrong to the low side but not expecting much more than the mid case here despite the large column, the initial refill rate is pretty unlikely to sustain once being continually pumped off for a while.

    Given that Pierre shale oil is somewhat discounted to WTI the $40 case seems most applicable here for now, 85bbls flow rate and I'll be happy, if they can hit 300bbl flow rate for more than 5 minutes then I'll be adjusting my targets...

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