Good one @plough ... keep them honest. To try an make any...

Good one @plough ... keep them honest. To try an make any connection between IOG Silver Tip gas project where it is presently just workovers and recompletions is more than a stretch.

If anyone wanted an example of an ASX company whose present strategy is doing workovers and recompletions on vertical oil wells there have a look at SSN - and phase 1 of their plan.

The ONLY reason such plans work (apart from the well workover being successful) is due to capital efficiency. Somebody else had previously invested the capital to drill those wells (and 2-5 years ago capital costs (of D&C wells) were very high as compared to now). But enough finance talk.

@bruutz82 ... I learned a new word - "proselytizers". Thank you. So whom and to what religion is SL trying to convert? Religious fervor aside, do you honestly think that the comparison to IOG would be accepted at face-value ..... I think junior101 put something up and a few a us (besides me) must have had a look at their investor presentation. Its about as relevant as Permian Basin acreage.

Actually if you think for a moment, your inane persecution of posters who challenge your statements (so neither agree nor disagree) seems a little "religious" as well.

Challenge #1 : "Do not write AKK off - if like IOG they start hitting a lot of gas they could become highly profitable with quick well repayment. " - perhaps you might care to explain that. A lot of gas means they will not be able to flare (COGCC will put a stop to that) and have to invest in gas gathering infrastructure - which wont be cheap. Lord (following the religious theme) help them if it truly wet gas - a bit like their Hz well in the Niobrara - as then they will need separation facilities. Just a little color on your that statement.
Challenge #2 : " if AKK can start to produce multiple wells with reasonable flows AKK's SP will start to rocket." What constitutes reasonable flows? That discussion has been pretty "thorough". What consistently repeatably flow rate (and not IP24H) average over 90 days would you speculate are necessary for AKK to first of all breakeven AT THE CORPORATE LEVEL (because as you correctly point out there will be multiple capital raisings necessary) and then be profitable enough to be able to reinvest the surplus cash flow into a drilling program where the company lives within its cash flow (yes that is some time off but fits to your statement of "It is all about quick well pay back, good flows, and drill drill drill." And as @gassed would point out, this is speculation, not fact and others such as myself would point out it is forecasting which is a common business process.
Challenge #3 : I don't make arrogant assumptions (can't speak for @Autosime or @Sector Lead) and your comment can be turned right back to you. You do make all kind of assumptions. e.g. "The point is AKK needs to stay beyond the cost curve and produce oil profitably" and yet offer nothing that backs that up. Seemingly any discussion of facts, reports and data that attempts to support/reject the statement gets shouted down.

Don't think that posters are fools. Astonishing that you trade in a company and have no idea of the location of the asset.