AKK 0.00% 0.3¢ austin exploration limited

Ann: Commercial Oil Production commences in Colorado, page-22

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  1. 6,312 Posts.
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    YW @plough .... same graph from long before the announcement.

    The cumulative production curve tells you after 1,000 days its more like 32,775 (after 990 days ... easier to look at Excel spreadsheet).

    Be real now with $11 Field Operating Margin all you have is $360K AND YOU HAVEN'T PAID any G&A expense - but lets just for grins say employees work for free. Looks to me like 70% of Capex has been returned in just shy of 3yrs time.

    For me and the math has never been spectacularly good.

    Just to be fair, that graph used an IP24H of 86 bopd.

    As because I'm not the ass most here think, 98 bopd changes that 1,000 day cumulative amount to approx 37,348 BO (and a current period production projection of 20 bopd). Not earth shatteringly different IMO.

    Wasn't there some talk of apologies or did I misinterpret the posts??
 
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