AKK 0.00% 0.3¢ austin exploration limited

Ann: Commercial Oil Production commences in Colorado, page-77

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  1. 19,194 Posts.
    lightbulb Created with Sketch. 598
    It will be very unlikely to produce over 20,000 barrels oil over next 12 months. then 10k 2018 then 6k then...

    Take off all the costs/ royalties/rocky discount, and do the actual math on true profit.
    Looking at the gross revenue payback is a waste of time.

    It will take over 3 years to generate a real return and who knows how the formation will hold up over that period. Unknown.

    We'll all find out the truth late April 2017 when we see the revenue/cost lines in Q.
 
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