AKK 0.00% 0.3¢ austin exploration limited

Ann: Austin strikes Oil in Colorado-AKK.AX, page-199

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  1. 6,312 Posts.
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    Brant,

    Maybe Gustavson had an epiphany of sorts.

    AKK investor presentation of Nov 2015 has on Slide 7 - which is titled "Significant Oil and Gas Reserves and Resources", which references updated Gustavson numbers

    Austin Net Reserves:
    Proven Developed Producing: Colorado - Niobrara: 5,060 Bbl Oil
    And that's all for 1P Reserves

    Going down a level to 2P Reserves
    Probable Undeveloped: Colorado - Pierre: 31,100 Bbl Oil

    Going down a further level to 3P Reserves
    Possible Undeveloped: Colorado - Pierre: 310,010 Bbl Oil

    What happened??
 
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