Wells produce for 20+ years, some for over 100 years
That line is for you Gassed. That is a Long term investment case if i have ever seen one
• Profitable wells, minimal operating costs, no-leasing fees and long-term haulage contract in place
Lifting costs plus haulage contract costs. You would imagine all in about 20 per barrel. from to 50 barrels in 5 years time, in 10 years i think they will be negotiating with deliveroo for oil collection, i can see it now, some 18 year old on a bike and a petrol can collecting the oil from saucepans
2.65 billion shares on issue on a fully diluted basis, and that's without the shares they will issue next year to actually drill. So currently every >1c adds 2.65m to market cap
This company will soon be competing with LKO as the worst small cap junior oiler. They have been listed for 40 years without ever making a profit
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
