AKK 0.00% 0.3¢ austin exploration limited

COGCC Production data, page-7

  1. 19,194 Posts.
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    If Gassed thinks running and servicing working oil equipment for $100 day makes sense, or $33 day NET (@3bbls) or less, then truly is in dreamland.

    The big question now remains, as to why 5 new wells were not put in instead (as Auto pointed out), as these 22 producing little more than 1/2 Magellan 24IP.

    This profitable producing for 100 years, is just quite unbelievable.

    You have 7 wells over 5, say 35 min of the 52boepd
    So the other 15 are "producing" 17 boepd.

    Given IOG wells are producing gas but have no sales, then I believe this gives you a big clue for the "strategic" move. jmo
    Last edited by Sector: 11/12/16
 
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