AKK 0.00% 0.3¢ austin exploration limited

Junior Surely you aren't comparing cooper basin wells that costs...

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  1. 15,774 Posts.
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    Junior
    Surely you aren't comparing cooper basin wells that costs about 1.2( USD ) to drill and produce one average about 1500 bopd sold for TAPIS with a 25-30% decline cover. Vs AKKS wells which costs about 500 USD ( excluding corp costs ) that one in three produce 90 bopd sold at discount to WTI with a 80% decline rate , which means the wells take how many years to recover costs . Forget the crap of paybacks contained in the pres0s . Tell me how much revenue has megallen produced vs 500k drilling costs . I am not even looking at net revenue - I will happily make the point using gross revenue

    Cmon Junior - for once talk to the facts and make a case for recoop of costs from either the 3 wells drilled last year or even the one well flowing oil .
    You want because you can't
    I await
 
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