Looks like our sticky troll is still in the room but one of his previous posts acknowledges the huge amount of potential oil Austin sits on .Carried out and still are undergoing a huge amount of research which will take a while so just stuck my toe in with a small stake as a high risk extremely high return possible reward and would likely just top up if the sp drops if fundamentals don't deteriorate any further.
Opec is using oil to prop up their budget deficits which can't possibly last year in year out and the Saudis are undergoing a severally damaging practice of pumping saltwater in oil fields to achieve a faster flow rate consequently rendering the field redundant before all the oil is extracted.
goodluck with that practice.
AKK Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
