AKK 0.00% 0.3¢ austin exploration limited

Big week - Priority Offer & GM, page-120

  1. 15,774 Posts.
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    Cmon
    That does align with the quarterly unfortunately for aKK holders. I guess that oil collection truck won't need to be coming around that often.
    The extension of the priority offer to wait for the reserve report is truly a desperate attempt to offer something that they can try and spin positively because the current reality is this
    They have one of three wells producing oil , and two producing gas that is flared ( costing more than the production for the one oil well) that well has declined to a very low level and has no chance of recovering costs ( ever ) .
    They have as of today money only from the last Cr( and would have had zero otherwise ) of which they are trying to by an asset that is poor but relative to their acreage may sadly be better.

    I ask gassed , bevter , Dante, wazz, have AKK delivered on the
    490 ft oil column
    The well filing up the pipe with oil in hrs
    The Virgin territory
    The high tech 3d seismic
    The acreage that would over time deliver 400 wells
    The journey to achieve 10s of millions in revenue.

    Where is AKK with all of the above. The facts are even at .6c cents AKK is expensive.
 
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