AKK 0.00% 0.3¢ austin exploration limited

Doing an in-situ calculation like this and then applying...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 10,867 Posts.
    lightbulb Created with Sketch. 394
    Doing an in-situ calculation like this and then applying directly to share price is not only not a good way to value companies but it shows a great lack of understanding of the metrics of cost and recovery.

    This oil field (Fractured Cretaceous Pierre Shale) has not produced that MUCH oil in its entire history, it's only produced 1/6th of that, despite being drilled for a long time. Everything in your post except the oil price was pretty much just a huge, unfounded guess.

    you can read about all the formations here:

    https://pubs.usgs.gov/dds/dds-069/dds-069-p/REPORTS/69_P_CH_2.pdf
 
watchlist Created with Sketch. Add AKK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.