This is not a one well punt. Forget that. IMO, THIS is what the...

This is not a one well punt. Forget that. IMO, THIS is what the investors wanted to see:-

"Austin will soon commission an independent reserves and resources report over the Pierre formation at the Pathfinder property. The Company expects that the certification of Pathfinder reserves will add a significant value uplift to the property and provide additional financing flexibility as the Company prepares for field development in 2017.
The Magellan #1 well demonstrates robust single well economics at current low oil prices with substantial upside when oil prices rebound. At current oil prices of US$45/bbl and based on initial flow rates demonstrated by Pathfinder to date, the Magellan #1 well offers an attractive NPV of USD$1.77million and a robust IRR of 127% (excluding royalties). These figures are based on a well cost of approximately USD$500,000 and uses a hyperbolic decline curve in calculating projected decline rates. . This provides the Company with This provides the Company with significant encouragement to pursue full field development commencing in 2017.

Austin MD & CEO Mr Tim Hart commented: “The discovery of oil and gas at the Magellan #1 well validates our current strategy focusing on our Flagship Colorado assets which we own in full and have complete control over. Most encouraging is the fact that we have the capacity to host over 390 wells in the Pierre formation so the potential value uplift for AKK is indeed compelling and far from being fully realised. Based on these flow rates, we believe Pathfinder will be able to deliver growing cash flows as development progresses.

I.E. A "company maker" an investors' stock.