Ann: Chairman & CEO AGM Address, page-70

Garbage..!!!..check out the IRR of these prospective wells at current oil prices

Exactly!!!!

Start by subtracting royalties .... that's oil/money that doesn't belong to AKK
Then subtract the differential from your "hedged" WTI index price - you still gotta pay to transport
Then subtract G&A cost
Then subtract you infrastructure costs

NONE of the above are in the single well economics IRR

And of course, as @Ancientone was talking real profits you don't to "erase" DD&A costs.

Same suggestion given to dianella most recent post applies to Junior's post ..may I suggest you DYOR before you advise others to do the same...

"Hedging" in Oz Dollars ... is the suggestion that the Aussie dollar going down further relative to oil makes AKK that much more profitable?