Happy for the those that make their money honestly.
There were a few comments made be TH that I had to listen to more than once. I'll highlight one.
That was in regard to the Pathfinder property having a 20+ Million Barrel P50 Resource. I have a good memory and have been around AKK long enough to know what that would be referencing (as a refresher check back to Aug 27, 2012). Last time I mentioned Reserves I was reminded of the date being back in Mar of 2016 when AKK released their Half Yearly.
Well since TH referenced the P50 Resource then he would have to be referencing that document, which at the time gave Pathfinder (at the time only 11,560 acres) a 21.76 Million Barrel Resource.
Also in that report ... "Resource estimates for this prospect were based on probability distribution of Expected Ultimate Recovery (EUR) based on analysis of the performance of horizontal Niobrara wells located elsewhere in Colorado and Wyoming and the likely number of locations to be drilled in this prospect area"
"Historical production from the Pierre Shale in the Florence Field has occurred from this property, but is not considered a major target for further development"
Report produced by Gustavson.
The references and the report do not gel for me.
Does that mean nothing done with all the drilling info from past drills?
AKK Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
