Been a few Oz juniors through there also Cmon. IOG and COI Was...

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02/03/16

09:09

Post #: 17162060
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Originally posted by cmonaussie ↑

Because Junk appears cheap (but can always get cheaper) and uses terms like prolific, prodigious, vast, massive, world class, game changing all designed to appeal to the gigantic upside potential blah, blah.

May I repost this link to a post in March 2015
cmonaussie-on-florence-wells

That was current at the time and designed to simply show visual analysis and well as some simple average of the neighbouring Florence Field wells.

Fast Forward to Nov-15 and AKK Investor presentation - Slide 13 - "Our Directly Adjacent Neighbour hit on 21 Consecutive Oil Wells in the Pierre Formation"

Essentially the same thing, except I used all 24 wells and AKK used 21 wells. Appear to have left out the lowest 3 producers.

In my original post I made the comment "If you dropped out the 2 highest and the 2 lowest wells and averaged over the remaining 20 you'd get an average of 21,466 BO/well. The median production calculated to 16,463 BO/well."

OK - uplift it to 20,000 BO/well as your average EUR not 1st year production. I wont even bother with net revenue estimates - should be self evident.

Only if these Pierre wells deliver the results of say the top 2 producers every time (who wants to bet on black every spin on roulette) will it be game changing.

Good luck

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Been a few Oz juniors through there also Cmon.
IOG and COI

Was not game changing for either even at $80+

AKK Price at posting: 0.9¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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Been a few Oz juniors through there also Cmon. IOG and COI Was...

Top Stories

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Banshee's historic trenches prove rich in antimony and gold for GDM

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Cyclone signs MOU with Vale for development of Iron Bear play

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play