AKK 0.00% 0.3¢ austin exploration limited

Seems that people are making the classic mistake between the...

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. 15,774 Posts.
    lightbulb Created with Sketch. 268
    Seems that people are making the classic mistake between the existence of oil and a commercial discovery. then even if discovery is deemed commercial, to be beneficial it has to be producing more in net cash flow than the cost of keeping the company going.

    They have not as yet got a commercial field , and with oil receiving a 9 dollar USD discount to tapis, this well is very much likely to be another well that generates cash more through a CR than actually cashflow
    Fool me once - shame on you
    Fool me twice - shame on me

    Cmon - I absolutely love you pass the parcel analogy. Some of the posts here are synonymous to trying to turn the music louder to help them pass the parcel
 
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.