So Cmon...what is AKK telling us here with Florence purchase....
1..Price is right..on my figures
2. Do the sums yourself..on potential as 'connectecd" fields
allowing for at least surplus acreage with 6 wells ready to go.
3./The Saudis want $60/bl..plus to make Aramco sell off look attractive...
that would give AKK ..IRR ..close to....$100/bl..
..Clearly..what other Junior oil..offers such profitable price structure
on a sustainable Accounting basis given AKK's business model
that makes money at..$30 oil..
Cheers
AKK Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held